8701 S Houston Avenue, Chicago, Illinois 60617

$185,000

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Sold Price
$185,000
List Price
$220,000
Closing Date
Sep 12, 2023
MLS#
11741324
Status
CLOSED
Type
Commercial
Subtype
Commercial Sale
County
Cook
City
Chicago
Gross Rental Income
60000
Neighborhood
South Chicago
Days On Market
145

Property Description

CALLING ALL INVESTORS! You don't want to miss out on this amazing investment opportunity! This mixed use property features a bar space that can be used as a restaurant, laundromat, bar, night club, and so much more with renovation! It also features 5 units, 3 which are move in ready and habitable, and 2 that have been gutted already and ready for your finishing touches! This property has the income potential OF A LIFETIME. With some renovations and TLC, this can be worth at least triple the listed value! Whats better than purchasing a building with plenty of equity before even starting renovations?! Did I mention? This property is in such a convenient location! Want to rent out the units AND the commercial space? You can do JUST THAT! Don't miss out on this amazing opportunity, schedule your tour T O D A Y! This building is being sold as is.

Additional Information

Tax Year
2021
Tax Amount
$1,210
Year Built
1913
Lot Dimensions
141X30
Air Conditioning
Window Unit(s)

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: Century 21 Universal.



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