Chicago, IL 60612
$285,000
Mark Quesada
Broker / Owner
LIC #475144827
Solid brick commercial building of approximately 3,000+ SF covering the entire lot. The property features storm shutters protecting the storefront facade. The interior is currently framed for two offices with two (2) roughed in washrooms. The building is set up for 400 AMP service (electric line at the pole recently cut, copper stolen, and will need reconnection). The building currently has no power - you must bring a flashlight for showings. The structure will require significant tuckpointing and masonry work. Many coping stones at the roofline are missing. A new HVAC system will be needed. A section of the wood floor needs to be replaced. The property is located within a Federal Opportunity Zone, providing potential tax incentives and accelerated depreciation for qualified improvements. The condition of the property is reflected in the price. This is an "AS IS" sale. This is an excellent opportunity for an investor, contractor, or owner-user seeking a value-add project.
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$2,103/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Bruce Heller, Coldwell Banker Realty
MLS# MRD12512185 · Active
History reflects records reported to the MLS and may be incomplete.