8120 Kedzie Ave Chicago, IL 60652

This exceptional mixed-use property at 8120 S Kedzie Ave, Chicago, IL 60652 presents a compelling investment opportunity. The three-story, 4,600 square foot building, constructed in 1969 and renovated in 2023, sits on a 0.12-acre lot. It features twelve units: eight one-bedroom residential apartments (seven currently rented, one available) and four fully rented commercial storefronts. The property boasts a strong current NOI of $117,780, translating to a 12.40% cap rate and a pro-forma NOI of $104,899 with a pro-forma cap rate of 11.04%. The asking price is $950,000, representing a price per square foot of $206.52 and a price per unit of $79,166.67. Located in a family-friendly Cook County neighborhood adjacent to a kindergarten and shopping center, this property offers high visibility and accessibility, ensuring consistent cash flow from both residential and commercial tenants. This is a rare chance to acquire a well-maintained, income-producing asset in a desirable Chicago location. The building's strong occupancy rates and recent renovations contribute to its attractive investment profile. This mixed-use building offers a blend of residential comfort and commercial viability in a growing area, making it an ideal investment for discerning buyers.