3344 Chicago Rd Steger, IL 60475

This exceptional mixed-use property, located at 3344 Chicago Road in Steger, Illinois, presents a compelling investment opportunity. The building boasts excellent visibility at a busy intersection on Chicago/Steger Road, ensuring high traffic exposure for retail tenants. The property comprises two ground-floor retail spaces, one measuring 1,800 square feet and the other 1,200 square feet. Above the retail units, the second floor features three residential apartments: two two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Currently, rental rates are below market value, offering a significant opportunity to increase the property's net operating income and improve the current 12% capitalization rate. This presents a unique chance to enhance profitability through strategic rent adjustments and potential property upgrades. The property is offered at $290,000. This is a rare chance to acquire a well-located mixed-use building with substantial upside potential in a growing market. Serious inquiries are encouraged. Further details are available upon request.