2904 South Archer Avenue

Chicago, IL 60608

$599,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Purchase the building as-is, conduct necessary repairs and renovations, and then rent out all units for steady rental income. With its vintage look and prominent location visible from I-55, it could attract tenants looking for a mix of charm and convenience. Retain the flower shop on the ground level and convert the upper floors (4 units over the shop) into modern, upscale apartments and a full unfinished basement. The building needs TLC and a new roof.Purchase the building as-is, conduct necessary repairs and renovations, and then rent out all units for steady rental income. With its vintage look and prominent location visible from I-55, it could attract tenants looking for a mix of charm and convenience. Retain the flower shop on the ground level and convert the upper floors (4 units over the shop) into modern, upscale apartments and a full unfinished basement. The building needs TLC and a new roof.
  1. Listed by Rafael Ruiz • Ruiz Realty, Inc.

Property Details for 2904 South Archer Avenue

Area
CHI - Bridgeport
LISTING UPDATED: 08/17/2024 03:34 AM

Property Details for 2904 South Archer Avenue

StatusActive
MLS #12086820
Days on Market190
Taxes$9,667 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1881
Lot Size0.09 AC / 3,984 SF
CountyCook County

Building Information for 2904 South Archer Avenue

Stories3Residences5Year Built1881Lot Size0.09 AC / 3,984 SF

Property Information for 2904 South Archer Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago Southwest
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 3984
  • Lot Size Square Feet: 3984.0
  • Stories: 3
  • Fire Protection: None
  • # Of Offices: 1
  • # Of Stores: 3
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 7
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $64,800.00
  • Gross Scheduled Income: $64,800.00
  • Insurance Expense: $8,500.00
  • Total Monthly Income: 5400
  • Other Expense: $.00
  • Trash Expense: $2,760.00
  • Water Sewer Expense: $2,400.00

Property History for 2904 South Archer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2904 South Archer Avenue

Taxable ValueLand$15,936Additions$64,064Total$80,000
Tax Record2022$16,455 ($1,371 / month)
Home Facts
Total Finished SqFt13,340 SqFtAbove Grade Finished SqFt13,340 SqFtStories3Lot Size3,984 SqFtStyleMulti-Family Res (5+ Units)Year Built2019CountyCOOKAPN17-29-311-028

Schools near 2904 South Archer Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 9 to 12
Public - K to 8
Charter - K to 8
Rating
School
Distance
Holden Elementary School
PublicPK to 8

Ijla Charter High School
Charter9 to 12

Namaste Elementary Charter School
CharterK to 8

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.

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2904 South Archer Avenue is a mixed use property for sale in Chicago, IL 60608. This property was listed for sale on June 17, 2024 by Ruiz Realty, Inc., it's currently listed at $599,900. It has been on the market for a total of 190 days and was last sold on September 30, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Holden Elementary School, Ijla Charter High School and Sheridan Elementary Math & Science Academy. 2904 South Archer Avenue is a 0-bed, 0-bath, mixed use property built in 1881.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ruiz Realty, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:34 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.