10835 S Western Avenue, Chicago, IL, 60643

$649,900

About 10835 S Western Avenue

Welcome to 10835 Western Ave, a prime mixed-use investment property located on highly visible Western Ave. This well maintained building features three residential units above a versatile commercial space. Residential Units (Approx. $3,880/mo total rent): Unit 1 (Front): Loft-style apartment w/ upper-level bedroom + half bath; MTM lease. Unit 2 (Middle): 1 bed/1 bath; leased through June 2026. Unit 3 (Rear): 2 bed/1 bath; MTM lease. Strong rental income with reliable tenants in place. The Commercial Space Formerly a long-standing dental practice owned by only two practitioners. The practices are now closed and the large, open lower level is ready for conversion to a professional office, medical/med spa, retail, or divisible rental suites. This is an excellent opportunity for business owners or investors. Additional Features include, high-traffic location with great visibility, a historic facade with solid structure, proximity to shops, restaurants, and public transit, and flexible zoning and multiple use options. This is ideal for investors seeking stable income with upside or owner-operators looking for a customizable commercial footprint. There is 1 furnace, forced heating and air that is connected for the offices. Then there are 3 boilers for each upstairs apartment, and the 2 water heater tanks are serviced for the offices and all units. There are a total of 4 total gas meters and 4 electrical meters for the units and office. *Buyer to confirm year built and dimensions. Showings will be blocked for Wednesdays 10am-7pm and Saturdays 10am-7pm ONLY to be respectful of the tenants. Please request showings 48 hours in advance. Thank you!

Additional Information: This property is located in the CHI - Morgan Park neighborhood, IL. This bedrooms mixed use property is priced at $649,900.

Facts & Features

MLS® # 12519059
Price $649,900
Bathrooms 0.00
Taxes $7,372
Year Built 1968
Type Commercial Sale
Sub-Type Mixed Use
Status Contingent

Community Information

Address 10835 S Western Avenue
Area CHI - Morgan Park
City Chicago
County Cook
State IL
Zip Code 60643

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace Yes
# of Fireplaces 1
Has Basement No

Exterior

Exterior Brick/Stone Msn Pred
Roof Tar/Gravel

Additional Information

Days on Market 182
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $7,372

Listing Details

OfficeListing Leaders Northwest, Inc

Listing Map

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