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1441 W 103Rd St Chicago, IL 60643

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For Sale
$1,375,000

Value-add 12-unit mixed-use building in Chicago's East Beverly.

Property Features for 1441 W 103Rd St

General Information

Standard status
Active

Building Details

Year built
1904

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Listing Contact
Andrew Dorazio
Source: Corcoran

Listing Agency: DORAZIO REAL ESTATE LLC Listing Agent: Andrew Dorazio

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Building in East Beverly

This mixed-use building is located in Chicago's East Beverly neighborhood. Constructed in 1904, the all-brick building features 6 retail storefronts on the main floor and 6 residential apartments on the second floor. Situated on 103rd Street, a main thoroughfare in Beverly, the property benefits from vehicle and foot traffic. The property includes a large lot with a massive garage to the South of the main building, presenting opportunities for additional units, storage, or enclosed garage space. The back of the building is used as a gathering spot for tenants. All tenants have central HVAC for heating and cooling, which was upgraded in the early 2000s. The roofs have been resealed in the past 5 years. There are over a dozen parking spots in the rear of the building.
Location Intelligence

Current Use by Public Records

Prestige Private Alternatives Training Center Brije Butterfly Collection Clothing & Fashion Store Robinson Deannia Hair Salon

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6591515
Latitude
41.7064371

FAQs

What type of property is this?
Mixed-use property - Value-add 12-unit mixed-use building in Chicago's East Beverly.
Where is this mixed-use property located?
The property is located at 1441 W 103Rd St Chicago, IL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: - Value-add opportunity with rents currently under market, offering potential for significant income increases.; - High CAP rate potential (currently over 8, could reach 10+ with improved management).; - Mixed-use building with 6 retail storefronts and 6 residential apartments.
More about this property
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