Description
Tremendous Cash Flow opportunity. Rent out the Residence for 1800/mo and Commercial Storefront for $5,500 – $6,000/mo with parking lot! Over $7,300 a month income potential! DOUBLE DIGIT CASH ON CASH RETURN!
Cross-streets: Cicero Ave & Cermak Rd
Beds/Baths: 3/1
Sq Ft: 2,874 s.f.
Lot Size: 3,075 s.f.
Year Built: 1922
APN: 16-21-423-023-0000; Cook County
Access: Call/ E-mail/Text for Access
Features/Amenities:
- Commercial Storefront Downstairs with Residence Upstairs
- Total S.F. = 2,874 Total Building S.F.
- 3 Beds 1 Bath on Top Unit w/ Kitchen (Rented M2M for $1,800)
- Commercial on bottom doing Auto Sales but will be vacated (Eviction in process – was rented M2M for $5,500)
- 3,075 s.f. Lot / 1922 Build
- APN: 16-21-423-023-0000; Cook County
- Monthly rents can be $7,500 – $8,000
- Check out this Double Digit Cap Rate and Cash on Cash Return:
Potential Rent: $7800/mo x 12 = $93,600
Less Property Taxes (2023) 7,660
Less Insurance (est.) 2,000
Less Water (189/mo per owner) 2,268
Less Repairs & Maint. (est.) 3,600
Net Operating Income $78,072
$78,072 / $575,000 = 15.3% Cash on Cash Return!
(Disclaimer: some amounts are estimated, but the analysis illustrates that there is strong potential value in this investment.
- Please do your Due Diligence.
This commercial style property is located in Cicero is currently UCB - Under Contract - Accepting Backups and has been listed on True Freedom Achievers. This property is listed at $ 509,999.00. It has 3 beds bedrooms, 1 bath bathrooms, and is 2874 sq ft. The property was built in 1922 year.
