2653 West Cermak Road Chicago, IL 60608

$850,000
0.10
Acres
$850,000
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active
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Welcome investors!!!! Looking to diversify your portfolio, check out this fantastic opportunity! Mixed-use property fully occupied, located in Pilsen area. It is a unique and nostalgic investment property located on the busy, high traffic intersection of Cermak and Washtenaw. Providing both residential and commercial spaces. This building offers 2 apartments and a fully operating/ rented restaurant space. Each apartment offers an identical, spacious layout, 3 bedrooms, 1 bathroom, kitchen area, dining area and living room. All hardwood flooring throughout, recently painted too. There are 4 parking spots available in rear of building. Backyard is an additional fenced, concrete space shared for tenants. The Restuarant is currently on a renewed 5-year lease, (ALL Fixtures and Equipment will NOT be transferable to new owner in Lieu of Sale. They are to remain with the Restuarant.) This Property is being sold as is. The property offers additional income as the apartments are currently family occupied. Rents in the area average from similar properties average 1850+ for each apartment. Please read showing instructions.

Welcome investors!!!! Looking to diversify your portfolio, check out this fantastic opportunity! Mixed-use property fully occupied, located in Pilsen area. It is a unique and nostalgic investment property located on the busy, high traffic intersection of Cermak and Washtenaw. Providing both residential and commercial spaces. This building offers 2 apartments and a fully operating/ rented restaurant space. Each apartment offers an identical, spacious layout, 3 bedrooms, 1 bathroom, kitchen area, dining area and living room. All hardwood flooring throughout, recently painted too. There are 4 parking spots available in rear of building. Backyard is an additional fenced, concrete space shared for tenants. The Restuarant is currently on a renewed 5-year lease, (ALL Fixtures and Equipment will NOT be transferable to new owner in Lieu of Sale. They are to remain with the Restuarant.) This Property is being sold as is. The property offers additional income as the apartments are currently family occupied. Rents in the area average from similar properties average 1850+ for each apartment. Please read showing instructions.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - South Lawndale
  • Tax Amount
    $4,370
  • Status
    Active
  • Listing #
    12096790
  • Built
    1913
  • Lot Size
    0.10
  • Listed on site
    108 days

Listed by:
Komar

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Komar.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Sep 9, 20241 mo agoPrice decreased23,000 (3%)$850,000
Jul 1, 20244 mos agoNew on market$873,000
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