4353 N Lockwood Avenue, Chicago, IL, 60634

$985,000

About 4353 N Lockwood Avenue

Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.3. Expenses total $30182. Net income $75538. Cap rate of 7.6%. Newly coated roof with silicone newer boiler heating system and hot water tank.

Additional Information: This property is located in the CHI - Portage Park neighborhood, IL. This bedrooms mixed use property is priced at $985,000.

Facts & Features

MLS® # 12719351
Price $985,000
Bathrooms 0.00
Taxes $14,536
Year Built 1923
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 4353 N Lockwood Avenue
Area CHI - Portage Park
City Chicago
County Cook
State IL
Zip Code 60634

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Reflective Coating, Tar/Gravel
Foundation Concrete Perimeter

Additional Information

Days on Market 23
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $14,536

Listing Details

OfficeCompass

Listing Map

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