$ 699,900
3031 S Archer AVE Chicago, IL 60608
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 699,900
Est. payment /mo
Active Under Contract
3031 S Archer AVE Chicago, IL 60608
UPDATED:
09/25/2024 07:47 PM
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
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Qizhong Guan • Century 21 S.G.R., Inc.