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314 E 75th Street Chicago, IL 60619
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Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,700 sqft
Price per Sqft $45
MLS Listing ID 11763145
Sold Date 08/10/23
Year Built 1924
Annual Tax Amount $16,423
Tax Year 2021
Lot Dimensions 4500
Property Description
Excellent investment opportunity in the heart of Park Manor. Mixed Residential and commercial building consisting of 3 occupied stores Featuring Mabe's Deli as the business hub. There are also 8 1 bedroom 1 bath apartments and a 5 car brick garage for additional income with minor deferred maintenance. All mechanics are newer and in excellent condition. This building is currently cash flowing with pre-determined rent increases coming soon. Existing Cap Rate is 13 and Pro Forma Cap Rate of 18. Building can be purchased as a package deal with 301 E. 75th St if desired.
Location
State IL
County Cook
Interior
Cooling Central Air, Central Individual, Window Unit(s)
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Water to Site
View Y/N true
Building
Foundation Concrete Perimeter
Read Less
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Bought with Janise Mixon • EXIT Strategy Realty
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