For Sale
$750,000

5030 Archer AveChicago, IL 60632

Prime Chicago location, renovated, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use building, located at 5030 S. Archer Ave in Chicago, IL 60632, presents a unique investment opportunity. Boasting 3,000 total square feet and 2,500 square feet of net rentable space, this two-story property was completely renovated in 2024. The building features a B-3 zoning designation, allowing for a wide range of commercial and residential uses. The ground floor offers a versatile commercial storefront, ideal for retail, office, or service-based businesses. Upstairs, a three-bedroom apartment provides residential space, perfect for owner-occupancy or leasing. Recent renovations include new windows, electrical, and plumbing systems, along with hardwood flooring throughout both levels. The apartment boasts a custom kitchen with quartz countertops and stainless steel appliances. Separate utilities and heating systems serve each floor. A full, unfinished basement offers significant expansion potential. This turn-key property offers incredible visibility on Archer Avenue and presents endless possibilities for a savvy investor seeking high returns. The asking price is $750,000, translating to $250 per square foot. Don't miss this chance to acquire a prime mixed-use asset in a thriving Chicago neighborhood.

Highlights

  • High-visibility Archer Avenue location, ideal for owner-occupancy or investment.
  • Mixed-use zoning (B-3) allows for diverse commercial and residential uses, including retail, office, and personal services.
  • Completely renovated with new windows, electrical, plumbing, hardwood floors, and fresh paint.
  • Second-floor apartment features a custom kitchen with quartz countertops and stainless steel appliances.
  • Separate utilities and heating for both floors.
  • Full unfinished basement offers expansion potential.

Property Details for 5030 Archer Ave

Property type
Retail properties, Office properties
Square Feet
3,000 SF
Year Built/Renovated
1928/2024
Stories
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8016068
Longitude
-87.7252732
5030 Archer Ave, Chicago, Illinois

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5030 Archer Ave
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