3000 S Archer Avenue, CHICAGO IL 60608 Photo 1 3000 S Archer Avenue, CHICAGO IL 60608 Photo 2 3000 S Archer Avenue, CHICAGO IL 60608 Photo 3 3000 S Archer Avenue, CHICAGO IL 60608 Photo 4 3000 S Archer Avenue, CHICAGO IL 60608 Photo 5 3000 S Archer Avenue, CHICAGO IL 60608 Photo 6 3000 S Archer Avenue, CHICAGO IL 60608 Photo 7 3000 S Archer Avenue, CHICAGO IL 60608 Photo 8 3000 S Archer Avenue, CHICAGO IL 60608 Photo 9 3000 S Archer Avenue, CHICAGO IL 60608 Photo 10 3000 S Archer Avenue, CHICAGO IL 60608 Photo 11
Listed by Bill Erdman of CENTURY 21 Affiliated 773-847-5100

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3000 S Archer Avenue - Entire Mixed Use Building was Gut Rehabbed from top to bottom. Current use is a 3000 Square Foot Commercial Space and 4 condo ready Loft Units. Building total square footage is 8640 SQ FT plus a huge basement with a 7 foot ceiling. Each unit is approximately 1400 SQ FT with soaring 12 foot ceilings, 9 foot windows, exposed brick and timber. Hardwood floors throughout. In unit Laundry in each unit. Gross Income is over $110,000 with potential to increase rents. Perfect for a work live space/Artist Loft or keep as an investment. Building is perfect for condos! 3 outdoor parking spaces. Units have Gas forced heat and air. Great location walk to Orange Line or CTA. Just minutes from Chicago's Downtown/Lakefront/Museum Campus ect... Owners unit rent estimated at $2,000/month. Potential for additional income w/ signage on building.

Listing information

  • MLS® ID: 09358421
  • Year Built: 1879
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $7,673
  • Property ID: 103982732
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 3
  • Foreclosure: No

Features

Air Conditioning Central Air
Approximate Age New Rehab
Built Before 1978 (Y/N) Yes
Construction Brick
Current Use Commercial
Exterior Building Type Brick
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale Chicago Southwest
Heat/Ventilation Central Heat/Indiv Controls, Forced Air
Information 24-Hr Notice Required
Location Corner, Mixed Use Area, Public Transport Avail
Misc Inside Basement, Storage Inside
Other # Of Apts - 4, # Of Dryers - 4, # Of Offices - 0, # Of Ranges - 4, # Of Refrigs - 4, # Of Tenants - 4, # Of Units - 5, # Of Washers - 4, Approx Total Bldg Sq Ft - 8640, Electricity Expense - 1020, Expense Year - 2015, Fuel Expense - 0, Gross Rent Multiplier - 11, Gross Rental Income $ - 11160, Insurance Expense - 5200, Net Oper Income $ - 96236, Other Expenses - 0, Scavenger Expense - 0, Tax Year - 2015, Total Annual Exp - 15634, Total Annual Income - 111600, Total Monthly Income - 9300, Township - Lake, Water Expense - 1290, Zoning Type - Commr
Outdoor Parking 1-5 Spaces
Potential Use Commercial, Condominium, Retail
Property Type Mixed Use
Tenant Pays Air Conditioning, Electric, Heat
Listed by Bill Erdman of CENTURY 21 Affiliated 773-847-5100