8304 Kedzie AveChicago, IL 60652

Property Details for 8304 Kedzie Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

1,570 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

19-35-403-070

APU

1935403070

Description

This exceptional mixed-use property in Chicago, Illinois, presents a unique investment opportunity for owner-users. Located at 8304 S Kedzie Ave, 60652, this property consists of two buildings constructed in 1954, each one story high. The property includes a storefront retail space, ideal for a variety of businesses, and a two-bedroom apartment, perfect for owner occupancy. The apartment boasts attractive features such as hardwood floors and maple cabinets, offering comfortable living space. Adding to the property's appeal is a full basement and a two-car garage, providing ample storage and parking. The property's strategic location in Chicago offers unparalleled visibility and accessibility, making it an attractive proposition for businesses seeking a thriving urban environment. The asking price for this multifamily, office, and retail space is $175,000. This is a rare opportunity to acquire a versatile property with significant potential for both business and residential use. The property is zoned for apartment building, daycare/nursery, and storefront uses. This turnkey investment is ready for immediate occupancy and offers a blend of income potential and comfortable living.

• CAP approach

  CAP return

  Valuation

  6%

  $625,646

  6.5%

  $577,519

  7%

  $536,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $316,963

  Geo Method

  $316,963

• Alternative Use

  Use

  Valuation

  Residential

  $577,519

  Hospitality

  $529,005

  Educational

  $440,126

  Medical

  $455,262

  Retail

  $684,640

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7422

Longitude

-87.7025

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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