3031 S Archer AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60608
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12167718
Year Built 1901
Annual Tax Amount $7,231
Tax Year 2023
Lot Dimensions 24 X 100
Property Description
Solid, all-brick mixed-use property located on the busy Archer Ave. Property features a 1,700 sq ft storefront/commercial space on the 1st floor with a partially-finished basement (with the potential to add another 1,700 sq ft in the commercial space), 3 bathrooms, and is currently leased to a neighborhood private social club. 2nd floor and 3rd floor offer 2 oversized residential units, with 1,700 sq ft in each unit. Each unit features 3 generously-sized bedrooms (1 extra-long bedroom can easily be converted into 2 separate ones and make it a 4 bedroom unit), a huge bathroom, a spacious living room, a dining room, a kitchen, hardwood floors, and large laundry room with full-sized washer/dryer. Plenty of natural light. High ceilings. Central heat/air. Brick 2 car garage. Fully-rented building with great cash flow of $5,607/month. Brand-new completely tear-off roof and parapet wall from 2021. Corner property - great traffic and high visibility from highway and Archer Ave, for possible extra income from wall advertisement or self-use owner to market your own business. A variety of businesses in proximity: car wash, after-school/daycare centers, restaurants, Mariano's, Ace Hardware, Domino's Pizza, Burger King, Blink Fitness, and more. Great location: #62 bus stop next to building, Orange Line station within 2 minutes. Easy access to major expressways (I-55, 90/94, 290, Lake Shore Drive). Minutes to downtown, Chinatown, lake, Sox Park, IIT, & UIC. Zoned C1-2!
Location
State IL
County Cook
Area Chi - Bridgeport
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 3