Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.3. Expenses total $30182. Net income $75538. Cap rate of 7.6%. Newly coated roof with silicone newer boiler heating system and hot water tank.
| MLS # | 12719351 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 25 |
| Listing Provided By | Compass | Matthew Mika |
| Story(s) | 2 |
|---|---|
| Units | 6 |
| Zoning | MULTI |
| Cooling | None |
|---|
| Roof | Reflective Coating, Tar/Gravel |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
| Utilities | Electric to Site, Natural Gas Available |
|---|---|
| Electric | Circuit Breakers |
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 14536 |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60634 |
| Area | CHI Portage Park |
| Listing VS Median (in 60634) | |
Price: $985,000 low | high Med: $429,500 On site: 25 low | high Med: 49.5 | |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60634 |
| Area | CHI Portage Park |
| Listing VS Median (in 60634) | |
Price: $985,000 low | high Med: $429,500 On site: 25 low | high Med: 49.5 | |