Introducing a beautifully renovated mixed-use building, now available as a short sale. This property features 8 elegantly updated residential units and 2 spacious commercial storefronts. Significant improvements have been made to ensure a comfortable and modern living experience for residents and a functional, appealing environment for businesses. The residential units showcase contemporary upgrades and finishes, creating a welcoming and stylish atmosphere. Each unit is meticulously designed with modern conveniences for an exceptional living experience. The two commercial storefronts offer a versatile space, ideal for a variety of business types. Benefiting from high foot traffic and visibility, these retail spaces are poised for success in a lively area. This renovated mixed-use building, as a short sale, presents a unique and attractive investment opportunity, merging the advantages of residential and commercial real estate. Don’t miss this extraordinary chance to invest in a prime property!
View full listing details| Price: | $250,000 |
| Address: | 7039 S Wentworth Avenue |
| City: | Chicago |
| County: | Cook |
| State: | Illinois |
| Zip Code: | 60621 |
| MLS: | 11963360 |
| Year Built: | 1925 |
| mrdMc: | Off-Market |
| mrdAag: | Older |
| mrdB78: | yes |
| mrdEls: | Owner Projection |
| mrdExt: | Brick |
| mrdFpr: | Other |
| mrdFus: | Owner Projection |
| mrdGrm: | 4.15 |
| mrdHvt: | Gas,Radiators |
| mrdIdx: | Y |
| mrdIss: | Owner Projection |
| mrdJan: | 3300 |
| mrdNoy: | 2020 |
| mrdPki: | 1-5 Spaces |
| mrdRef: | 4 |
| mrdRng: | 4 |
| mrdScs: | Owner Projection |
| mrdSmi: | 8200 |
| mrdTmf: | Flats |
| mrdWts: | Owner Projection |
| caprate: | 16.7 |
| cooling: | Central Individual, Window Unit(s) |
| mrdInfo: | Short Sale |
| stories: | 3 |
| taxyear: | 2021 |
| electric: | Separate Meters |
| township: | Lake |
| mlsstatus: | Pending |
| tenantpays: | Electricity, Heat |
| fuelexpense: | 2800 |
| grossincome: | 8200 |
| mrdBoardnum: | 8 |
| possibleUse: | Commercial, Multi-Family |
| actualStatus: | Pending |
| mlsareamajor: | CHI - Greater Grand Crossing |
| propertyType: | Multi Family 5+ |
| trashexpense: | 2100 |
| electricexpense: | 720 |
| taxannualamount: | 4900 |
| insuranceexpense: | 3800 |
| operatingexpense: | 36450 |
| lotsizedimensions: | 174X50 |
| lotsizesquarefeet: | 8700 |
| watersewerexpense: | 2200 |
| maintenanceexpense: | 1000 |
| netoperatingincome: | 98400 |
| numberofunitstotal: | 10 |
| allowedUseCaseGroups: | IDX |
| grossscheduledincome: | 120000 |
| purchasecontractdate: | 2024-01-18T00:00:00+00:00 |
