10270 Charles St Chicago, IL 60643

This exceptional retail investment opportunity presents a 7,000 square foot property situated at 10270 S Charles St in Chicago, Illinois's vibrant East Beverly neighborhood. The property, built in 1968 and boasting a C1-1 zoning permit, comprises three units currently operating at 100% occupancy. These units include a convenience store and a restaurant, generating a strong net operating income (NOI) of $55,713, representing an attractive 11.14% capitalization rate. The asking price is $500,000, translating to $71.43 per square foot. The property sits on a sizable 18,855 square foot lot and includes 13 parking spaces, a significant advantage in this location. Current tenants are under 5-year leases with 5-year options, incorporating a 3% annual rent increase, ensuring consistent income growth. The property benefits from high foot and vehicle traffic on a busy street, presenting a strong foundation for future growth with minimal cosmetic improvements and updated signage. The Cook County Assessor's Parcel Number (APN) is 25-08-306-093-0000. This is a value-add opportunity with significant potential for increased returns. Don't miss this chance to acquire a well-positioned retail investment in a thriving Chicago neighborhood.