For Sale
$299,000

9034 Commercial Ave Chicago, IL 60617

High-NOI, Updated Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
132
This well-maintained, three-story mixed-use building in Chicago's vibrant 60617 zip code presents a compelling investment opportunity. The property boasts a total of 5,401 square feet, including 4,500 square feet of net rentable space, currently housing seven units: a large storefront and six apartments. The storefront recently underwent a complete remodel, featuring a new bathroom and furnace. All six apartments are currently occupied with month-to-month leases, ensuring a steady income stream. The building's strong financial performance is reflected in its impressive Net Operating Income (NOI) of $43,261, and 100% occupancy. Built in 1898, this Class A property sits on a 0.08-acre lot and is zoned B 1-2. Its prime location offers convenient access to public transportation and numerous local businesses, making it an attractive option for both residents and businesses. The property's strong cash flow and potential for future appreciation make it an ideal addition to any investment portfolio. The Cook County Assessor's Parcel Number (APN) is 26-06-223-025. This is an owner-user investment opportunity.

Highlights

  • High-visibility storefront.
  • Six residential apartment units.
  • Low-maintenance property.
  • Recently remodeled storefront.
  • Updated bathroom and furnace.
  • Excellent location near public transportation and commercial businesses.

Property Details for 9034 Commercial Ave

Property type
Mixed-use properties, Apartment buildings
Square Feet
5,401 SF
Class
A
Year Built
1898
Stories
3
Lot Size (sq. ft)
3,485 SF
Units
7

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7308398
Longitude
-87.5515542

FAQs

What type of property is this?
Mixed-use property - High-NOI, Updated Multifamily Investment
Where is the mixed-use property located?
The property is located at 9034 Commercial Ave Chicago, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: High-visibility storefront.; Six residential apartment units.; Low-maintenance property.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9034 Commercial Ave
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