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$ 199,999
Est. payment /mo
Price Dropped by $43K
1245 S Kedzie AVE Chicago, IL 60623
3,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $66
MLS Listing ID 12372362
Year Built 1911
Annual Tax Amount $2,540
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
Huge price improvement! Don't miss out on this brick 3 flat mixed-use building in the hot North Lawndale community!! Great location on main street with tons of traffic and exposure for a business on the first floor. All near transportation, shopping, within a short walk to Altus and Menta Academies and 2.5 miles from STEM Magnet Academy. The property could qualify for numerous development, financial incentives or Community Recovery Act tax credit programs. See agent remarks for a complete list and contact for alderman's office. The building offers a very nice commercial office/entertainment space with a meeting room/kitchenette and a 1/2 bathroom on the 1st floor, currently operated by the seller. The 2nd and 3rd floor have 2br/1ba apartments, the tenants pay their own utilities, each apartment has its own furnace, water heater, washer and dryer. Top floor vacant now, 2nd floor is M/Month for flexibility for both investors and owner occupant buyers. Unfinished full basement. Some repairs have been completed, roof has been sealed but interior ceilings and floors have not been repaired. The property has great potential and at the revenue indicated it is a great buy. Sold as-is. Show and write ASAP!
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning OTHER
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Charles Nicholson of Nicholson Real Estate Inc.