1455 103Rd St Chicago, IL 60643

Exceptional mixed-use investment opportunity in Chicago's East Beverly neighborhood. This 10,000 square foot property, situated on a substantial 29,246 square foot lot, features a 12-unit building (six retail storefronts and six residential apartments) built in 1904. The property boasts 100% occupancy, generating a current NOI of $116,107 and a 7.87% cap rate. A pro-forma analysis projects a NOI of $141,547 and a 9.60% cap rate, reflecting significant upside potential through rent increases and value-add improvements. The property includes 13 parking spaces and a large rear area currently used as a tenant gathering space. Recent improvements include central HVAC upgrades (early 2000s) and roof resealing (within the last 5 years). The B1-3 zoning permits various expansion options, including additional units, storage, or covered parking, leveraging the substantial underutilized lot space. The asking price is $1,475,000 ($147.50/sq ft and $122,916.67 per unit). This property presents a compelling opportunity for investors seeking strong cash flow and significant value-add potential in a vibrant Chicago neighborhood. The APN is 25-17-101-007-0000: 25-17-101-006-0000:25-17-101-025-0000:25-17-101-014-0000.