5030 Archer AveChicago, IL 60632

Property Details for 5030 Archer Ave

Year built

1926

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

2,850 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

19-10-230-011

APU

1910230011

Description

This exceptional mixed-use property at 5030 S Archer Avenue in Chicago, Illinois presents a unique investment opportunity. The 2,850 square foot building boasts a prime location with incredible street visibility on Archer Avenue. The property is zoned B-3, allowing for a diverse range of commercial and residential uses. The ground floor offers a versatile commercial storefront, ideal for retail, office, or a variety of service businesses. The second floor comprises a completely renovated three-bedroom apartment, perfect for owner occupancy or rental income. Recent renovations include new windows, electrical, and plumbing systems, ensuring efficiency and low maintenance. Hardwood flooring graces both the commercial space and the apartment, complemented by fresh neutral paint throughout. The apartment features a custom kitchen with quartz countertops and stainless steel appliances. Separate utilities and heating systems for each floor provide independent control and cost management. A full, unfinished basement offers significant potential for expansion or additional storage. This turnkey property is ready for immediate occupancy and offers endless possibilities for a savvy investor seeking a high-return investment in a thriving Chicago location. The combination of commercial and residential space allows for multiple income streams, maximizing the potential for profitability. Don't miss this chance to acquire a truly remarkable mixed-use building in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,135,727

  6.5%

  $1,048,363

  7%

  $973,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $575,379

  Geo Method

  $575,379

• Alternative Use

  Use

  Valuation

  Residential

  $1,048,363

  Hospitality

  $960,295

  Educational

  $798,954

  Medical

  $826,432

  Retail

  $1,242,818

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8017

Longitude

-87.7253

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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