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Listed by Brittany Villalobosof First In Realty, Inc.
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Est. payment | /mo
7,575 SqFt
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Est. payment | /mo
7,575 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,575 sqft
MLS Listing ID 12294618
Year Built 1957
Annual Tax Amount $7,703
Tax Year 2023
Lot Dimensions .14 AC
Property Sub-Type Mixed Use
Property Description
Fully renovated mixed-use building in the heart of Chicago's Beverly neighborhood, offering a prime investment opportunity. This property features a newly built +/- 2,175 SF turnkey restaurant with a commercial hood, walk-in cooler, and dine-in seating, completed in May 2024. Additionally, a +/- 1,500 SF remodeled office space includes a kitchenette, full bath, private office, and open work area, ideal for various business uses. The spacious +/- 2,575 SF residential unit boasts 4 bedrooms, 3 bathrooms, in-unit laundry, a rooftop balcony, and a gaming room, currently utilized as an Airbnb. A +/- 1,325 SF garage accommodates up to five vehicles or additional storage, perfect for contractors or small warehousing. Recent upgrades include a full roof tear-off and replacement (2024), new restaurant build-out with commercial-grade features, and individual HVAC systems for each unit (2022). Located in a high-demand, walkable area near the Rock Island Metra line, restaurants, and retail shops, this property ensures strong long-term investment potential. Great income producing investment with little maintenance and outstanding financials at11 cap / proforma 6.5 GRM on return.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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