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Listing 2 out of 3,635
$14,750,000 For Sale

2000 South Wabash Avenue
Chicago, IL 60616

25 units |
8,000 sq ft

Commercial: Mixed Use - MLS# 09877972
Property Photo
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Description

2001 S State and 2000 S Wabash (MLS #09878065) is a dual listing for sale for a total of $15,500,000. The properties are tied together by their loan and must be sold in conjunction, they are right across the alley from each other on Cullerton. Both properties are newly renovated, including 22 apartments at State and a combined commercial square footage of right around 20,000 (12,000 for State, 8,000 for Wabash). Commercial tenants include a Dog Daycare (2000 S Wabash) who occupies the entire building on a triple net lease, as well as a gym (Phenomenal Fitness @ 2001 S State) and a Daycare. All apartments have been totally gut renovated including granite counters, stainless steel appliances, plumbing, electric, heating & cooling and laundry machines. All units are 3 bedroom and have elevator access through the lobby.

Features

  • Property Type: Commercial
  • Sub Type: Mixed Use
  • Listing Status: Active
  • County/Area: Cook County
  • Zip Code: 60616
  • Year Built: 1950
  • Sq.Ft.: 8,000 sq ft
  • Units: 25 units
  • # of Parking Spaces: 21
  • Zoning: RTAIL
  • # Of Apts: 22
  • # Of Dishwashers: 22
  • # Of Dryers: 22
  • # Of Refrigs: 22
  • # Of Stores: 3
  • # Of Stories: 1
  • # Of Tenants: 25
  • # Of Washers: 22
  • Air Conditioning: Central Air
  • Approximate Age: New Rehab
  • Built Before 1978 (Y/N): Yes
  • Construction: Brick
  • Docks: Drive-In Doors
  • Electric Expense Source: $
  • Electrical Service: Circuit Breakers
  • Electricity Expense: $8,196
  • Fire Protection: Fire Extinguisher/S
  • Foundation: Brick
  • Fuel Expense: $9,899
  • Fuel Expense Source: $
  • Geographic Locale: Downtown Chicago
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Insurance Expense: $32,894
  • Lease Type: Gross
  • Lot Dimensions: 170 X 75
  • Lot Sq Ft: 12750
  • Other Expense Source: $
  • Other Expenses: $167,928
  • Outdoor Parking: 19-30 Spaces
  • Tax Year: 2016
  • Taxes: $73,449
  • Tenant Pays: Varies By Tenant
  • Total Annual Exp: 308701
  • Total Annual Income: $112,918
  • Total Monthly Income: $85,647
  • Township: South Chicago
  • Water Expense: $5,022
  • Water Expense Source: $
Courtesy of Windy City Re Llc
Daniel And Associates Real Estate
465 East Roosevelt Road
West Chicago, IL 60185

Office:  630-231-8090
Office:  630-393-1700

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