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8506 Catalpa Ave Chicago, IL 60656

Sponsored
For Sale
$729,900

Five-unit building, excellent location, strong cash flow.

Description

Added:
Feb 3, 2025
Days on Market:
363
This exceptional investment opportunity presents a five-unit multifamily building ideally situated in Chicago, Illinois, at 8506 W Catalpa Avenue. The property boasts a prime location offering convenient access to I-90, downtown Chicago, and O'Hare International Airport, ensuring ease of access for both residents and potential tenants. The building comprises three two-bedroom units and two one-bedroom units, all currently occupied, with some long-term tenants in place, providing immediate and consistent rental income. On-site parking is available, including both rear parking and a convenient side drive, a significant advantage in this urban setting. While some recent updates have been completed, further improvements could enhance the property's value and rental potential. The property's proximity to shopping centers, public transportation, and numerous office buildings creates a highly desirable location for tenants, simplifying the leasing process and maximizing occupancy rates. This presents a compelling investment opportunity for those seeking a stable, cash-flowing asset in a thriving Chicago neighborhood. The property is offered at $729,900. The lot size is 0 acres. The building is classified as General Commercial.

Property Features for 8506 Catalpa Ave

General Information

Property type
Other commercial real estate

Building Details

Year Built
1967

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Listing Contact
Michael Ibarra

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Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.83942
Latitude
41.9795

FAQs

What type of property is this?
Commercial real estate - Five-unit building, excellent location, strong cash flow.
Where is this commercial real estate located?
The property is located at 8506 Catalpa Ave Chicago, IL.
What is the asking price?
The asking price for this property is $729,900.
More about this property
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