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Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant except for 2 apartments. Tenants are month to month and the property will be delivered vacant at closing. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2, 000/month each, the garage was occupied by an auto body shop @$1, 000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 5 years old. Cash buyers only. Building needs work and is sold "As is".
| 4 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Status changed to Active Under Contract | |
| 2 months ago | Price changed to $450,000 | |
| 3 months ago | Status changed to Active | |
| 4 months ago | Status changed to Active Under Contract | |
| See 1 more | ||
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