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Listed by Stefanie Campbellof @properties Christie's International Real Estate
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Est. payment | /mo
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12420638
Year Built 1919
Annual Tax Amount $3,206
Tax Year 2023
Lot Dimensions 50 X 125
Property Sub-Type Mixed Use
Property Description
Incredible Investment Opportunity in Prime Mount Greenwood! Here's your chance to own a well-maintained mixed-use two-flat in one of the most desirable high-traffic corridors on 111th Street in Mount Greenwood. This property offers excellent visibility, stable income, and significant upside potential. The building includes a 400 sq ft commercial space in the front and a spacious 3-bedroom, 1-bath residential unit in the rear-plus a full unfinished attic that offers future expansion potential. There's also a 2-car garage in the rear. The property has been well cared for, and both units are currently occupied with long-time, month-to-month tenants. Rents have not been raised in many years, offering immediate value-add opportunity by adjusting to market rate. The adjacent vacant 25 x 125 lot is also available for just $100,000 additional. Use it for expanded parking, outdoor space, or future development-the possibilities are endless. Both parcels have separate PINs and can be sold together. Whether you're looking to increase cash flow, expand your portfolio, or secure a prime piece of real estate in a sought-after business district, this is a must-see opportunity.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
Building
Foundation Brick/Mortar, Concrete Perimeter
Structure Type Wood,Frame
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