Address
8547 - 8551 S Stony Island Avenue, Chicago, IL
Price
$ 399,900
Property Attributes
  • MLS#11746771
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Avalon Park
  • Zip60617
  • StyleCommercial,Office
  • Year Built1952
  • Taxes$ 4392
  • Price$ 399,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7650
  • Lot Size7,000 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

16.7% CAP RATE!!!! FOR SALE - S. CHICAGO - EXCELLENT INCOME PRODUCING INVESTMENT PROPERTY - FULLY LEASED MIXED USE BUILDING - 5,555 SF office on the first floor and two - 2 bedroom/1 bath apartments upstairs! Convenient location with over 32,000 vehicles per day at your doorstep! A new 5 year lease on the office space, and quality tenants upstairs in the two apartments. Clean and well maintained building! Listed at a 16.7 cap rate. Call today to schedule a viewing! Financials available for qualified buyers upon request.

Price History
3/28/2023 Listed $525,000
5/17/2023 5% - $499,900
6/23/2023 21% - $399,900

General Features

Cooling Central Air
Roof Membrane
Zoning COMMR
Construction Materials Brick,Block
Year Built 1952
Electric Circuit Breakers
Tenant Pays Air Conditioning,Electricity,Heat,Janitorial Service,Sewer,Varies by Tenant
Stories 2
Township Hyde Park
Property SubType Mixed Use
Tax Year 2021
Current Use Commercial,Office
Gross Income 93060
County Cook
Net Operating Income 66588
Operating Expense 26472
Insurance Expense 6336
Property Type Commercial Sale
Contingency Attorney/Inspection
Possible Use Commercial,Office and Research
Status Contingent
Directions I-57 N to S Stony Island Ave.
City Chicago
Total Units 3
MLS Area CHI - Avalon Park
Lot Size Square Feet 7000
Street Name Stony Island
Tax Annual Amount 4392
Electric Expense 900
Fuel Expense 2940
Trash Expense 1308
Additional Parcels Y/N Yes
Days on Market 310
Lease Type N/A
Standard Status Active Under Contract
Property Type Mixed Use

Interior Features

Street Suffix Avenue

Exterior Features

Foundation Details Concrete Perimeter
Building Area Total 7650
Lot Dimensions .07 AC
Frontage Type City Street
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60617

Price
AVG $200K
$400K
Taxes
AVG $2,521
$4,392
Visits
AVG 283
823
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1952
Walkscore
AVG 62
89
Data Provided by Walkscore® not using MLS data

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