1441 West 103rd Street
$1,475,000
—
—
—
—
Description
New price! Come check out this ICONIC mixed-use, value-add 12 unit building in Chicago's incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on busy 103rd street, this property provides retail owners a ton of vehicle and foot traffic to bring in business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort....New price! Come check out this ICONIC mixed-use, value-add 12 unit building in Chicago's incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on busy 103rd street, this property provides retail owners a ton of vehicle and foot traffic to bring in business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort. The property sits on a giant lot with a massive garage to the South of the main building. This area provides a ton of opportunity to the new buyer potentially for the addition of more units, storage or covered / enclosed garage space to generate additional revenue. Rents are currently under market with plenty of room for increases with efficient management. The back of the building is also currently used as a small gathering spot for the tenants to relax, play and / or bbq. All tenants have central HVAC for heating and cooling which was upgraded in the early 2000s. Roofs have been resealed in the past 5 years. Over a dozen parking spots in the rear of the building as well. Currently priced at a 7.75 CAP but with better management and getting rents to market this could easily be a 9+ CAP building. This property has unlimited potential and upside with the right plan. Schedule a showing today!
- Listed by Andrew Dorazio • Fitzgerald Real Estate Inc.
Property Details for 1441 West 103rd Street
Area
CHI - Beverly
TownshipLake
LISTING UPDATED: 10/25/2024 10:22 AM
Property Details for 1441 West 103rd Street
Status | Active |
---|---|
MLS # | 11775757 |
Days on Market | 566 |
Taxes | $20,973 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1904 |
Lot Size | 0.67 AC / 29,246 SF |
County | Cook County |
Building Information for 1441 West 103rd Street
Stories2Residences12Year Built1904Lot Size0.67 AC / 29,246 SF
Property Information for 1441 West 103rd Street
Property History for 1441 West 103rd Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1441 West 103rd Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 7 to 12 | |||
Charter - | K to 2 | |||
Charter - | 3 to 12 |
Rating | School | Distance |
---|---|---|
Barnard Elementary Comp Math & Science Center PublicPK to 8 | ||
Morgan Park High School Public7 to 12 | ||
CICS Loomis CharterK to 2 | ||
CICS Longwood Charter3 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.