$525,000
6835 W Higgins Avenue
Chicago, IL, 60656
This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you’ll add over $200k to the value of the building. If that’s not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there’s the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O’Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.
Property Details
Price:
$525,000
MLS #:
MRD11077752
Status:
Active
Beds:
0
Baths:
0
Address:
6835 W Higgins Avenue
Type:
Commercial
Subtype:
Office
City:
Chicago
Listed Date:
May 5, 2021
State:
IL
Finished Sq Ft:
5,746
ZIP:
60656
Year Built:
1958
Schools
Interior
Cooling
Central Air
Flooring
Carpet, Tile
Exterior
Construction Materials
Brick
Roof
Composition, Membrane
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2020
Taxes
$15,928
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of Keller Williams Success Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
6835 W Higgins Avenue
Chicago, IL
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