$1,350,000
3962 W Grand Avenue
Chicago, IL, 60651
Fantastic corner building at a busy intersection in West Humboldt Park. The building consists of 8 units with 5 apartments and 3 retail spaces. The building is fully occupied with all units individual metered for gas and electric. The retail tenants are all on GM leases with RUBS and rent increases in place. The apartment units are all market rate with some on leases and some month to month. The unit mix for the apartments: 3- 2 bedroom / 1 bathroom ; 2- 1 bedroom / 1 bathroom; 3 retail spaces. This neighborhood has been improving with the recent addition of the Amazon distribution center. The retail spaces have always remained occupied due to the strong location in the neighborhood. This is a high cash flowing investment property with a diversified income stream. Make it a part of your portfolio today!
Property Details
Price:
$1,350,000
MLS #:
MRD12161123
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
3962 W Grand Avenue
Type:
Commercial
Neighborhood:
CHI – Humboldt Park
City:
Chicago
Listed Date:
Sep 11, 2024
State:
IL
Finished Sq Ft:
6,720
Total Sq Ft:
6,720
ZIP:
60651
Year Built:
1910
Schools
Interior
Cooling
Partial
Exterior
Construction Materials
Brick
Roof
Rubber
Financial
Tax Year
2023
Taxes
$5,540
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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