5118 S Archer Avenue
Chicago, IL, 60632
$419,000
3 Beds
3 Baths
0 SqFt
0 Acres
Add
Add
$419,000
5118 S Archer Avenue
Chicago, IL, 60632
MLS #MRD12292062 img 0
YOUR OPPORTUNITY TO OWN THIS MIXED-USE PROPERTY LOCATED IN THE HEART OF ARCHER HEIGHTS IS HERE! PRIME LOCATION! EASY ACCESS TO I-55 HIGHWAY, MIDWAY AIRPORT, ORANGE LINE AND CANNOT BEAT THE EASY ACCESS TO PUBLIC TRANSPORTATION – CTA IS RIGHT ACROSS THE STREET, ALL MAJOR STORES ARE ALSO NEARBY. THIS ALL BRICK BUILDING BRINGS SO MUCH INCOME POTENTIAL. THE OFFICE HAS GONE THROUGH A BEAUTIFUL FULL REMODEL IN 2022 WITH A HALF BATHROOM, PERSONAL OFFICE SPACE, 5 WORK STATIONS AND AN INVITING RECEPTION/WAITING AREA. FIRST LEVEL ALSO INCLUDES A BACK STUDIO WITH KITCHEN, FULL BATHROOM, SLEEP/TV AREA. CENTRAL AIR IS AVAILABLE IN OFFICE AND STUDIO APARTMENT. THE 2ND FLOOR APARTMENT HAS 3 GOOD SIZE BEDROOMS WITH CLOSET SPACE FOR EACH, FULL BATHROOM, KITCHEN, FORMAL DINING, LIVING ROOM IN OPEN CONCEPT, 2 LARGE ADDITIONAL CLOSETS AND PORCH AREA TO RELAX. ALL BEDROOMS HAVE NEW FLOORS AND STAINLESS STEEL APPLIANCES STAY (REFRIGERATOR AND OVEN-RANGE PURCHASED NEW IN 2021). THIS BRICK BEAUTY ALSO HAS A FULL UNFINISHED BASEMENT WITH WASHER/DRYER HOOK UP SET UP AND A 4 CAR GARAGE! LOTS OF POTENTIAL FOR YOUR NEW IDEAS. OPEN YOUR NEW BUSINESS IN THIS AMAZING WELL-SOUGHT OUT AREA. BRAND NEW NOISE REDUCTION AND HEAT/COLD PROOF WINDOWS PROFESSIONALLY INSTALLED IN 2ND UNIT APARTMENT (JULY 2022) AND BRAND NEW FURNACE PROFESSIONALLY INSTALLED (JAN 2023). CURRENTLY RENT 2ND UNIT M/M BASIS (UNDER MARKET VALUE FOR PRIME LOCATION), OFFICE, STUDIO IS ALSO RENTED , CHIMENEY CLEANED PROFESSIONALY JANUARY 2025. BASEMENT & GARAGE ARE CURRENTLY NOT RENTED. THIS MONEY MAKING MACHINE WILL BRING PRIDE IN OWNERSHIP. SCHEDULE YOUR APPOINTMENT TODAY BEFORE IT’S GONE! SOLD AS IS WILL PASS FHA.

Property Details

Price:
$419,000
MLS #:
MRD12292062
Status:
Pending
Beds:
3
Baths:
3
Address:
5118 S Archer Avenue
Type:
Multi Family
Neighborhood:
CHI – Archer Heights
City:
Chicago
Listed Date:
Feb 16, 2025
State:
IL
ZIP:
60632
Year Built:
1916

Schools

School District:
299

Interior

Heating
Radiator(s)

Exterior

Parking Spots
4

Financial

Tax Year
2023
Taxes
$3,702
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

5118 S Archer Avenue
Chicago, IL