8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 1 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 2 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 3 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 4 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 5 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 6 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 7 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 8 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 9 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 10 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 11 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 12 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 13 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 14 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 15 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 16 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 17 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 18 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 19 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 20 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 21 8027 S EXCHANGE Avenue, CHICAGO IL 60617 Photo 22
Listing Courtesy of Coldwell Banker Residential Brokerage

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8027 S EXCHANGE Avenue - 5 UNIT MIXED USE PROPERTY. THIS IS A PERFORMING SOLID PROPERTY WITH LITTLE OR NO MAINTENANCE REQUIRED. SEPARATE UTILITIES PAID BY EACH TENANT. THIS PROPERTY IS IN AN AREA OF HIGH GROWTH TRAJECTORY SPURRED BY THE INNOVATIVE CHICAGO LAKESIDE DEVELOPMENT. COMPLETE RENOVATION TO THE STORE ON THE FIRST FLOOR. ALL REQUIRED LICENSES ARE NEW AND UP TO DATE. SELLER WILL CONSIDER SOME SELLER FINANCING FOR THE RIGHT BUYER.

Listing information

  • MLS® ID: 09242547
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 3
  • Foreclosure: No
  • Subdivision: Rainbow Beach
  • Year Built: 1964
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $3,091

Features

Air Conditioning Central Individual, Window Unit/s
Approximate Age 36-50 Years
Built Before 1978 (Y/N) Yes
Construction Brick
Current Use Commercial
Docks None
Electrical Service 101-200 Amps, Circuit Breakers, Separate Meters
Exterior Building Type Brick
Fire Protection Smoke or Fire Protectors
Floor Finish Varies, Vinyl, Wood
Foundation Block
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Geographic Locale Chicago South
Heat/Ventilation Electric, Wall Unit
Information 48-Hr Notice Required, Listing Agent Must Accompany
Known Encumbrances First Mortgage
Location Corner, Mixed Use Area
Misc Inside Inside Corridor/s, Private Restroom/s
Misc Outside Enclosed Stairs, Security Gate
Other # Of Apts - 4, # Of Dishwashers - 0, # Of Disposals - 0, # Of Dryers - 1, # Of Offices - 0, # Of Ranges - 4, # Of Refrigs - 4, # Of Tenants - 5, # Of Units - 5, # Of Washers - 2, # Of Window/Ac - 4, Approx Total Bldg Sq Ft - 6000, Electricity Expense - 0, Expense Year - 2015, Fuel Expense - 0, Gross Rent Multiplier - 4.4, Gross Rental Income $ - 49200, Insurance Expense - 2300, Net Oper Income $ - 43000, Net Operating Income Year - 2014, Other Expenses - 0, Scavenger Expense - 0, Tax Year - 2014, Total Annual Exp - 9278, Total Annual Income - 49200, Total Monthly Income - 4100, Township - Hyde Park, Water Expense - 45, Zoning Type - Commr
Owners Assoc (Y/N) No
Ownership Type Land Trust
Possession Closing
Potential Use Commercial, Residential-Multi-Family
Property Type Mixed Use
Roof Coverings Rubber
Roof Structure Flat
Sale Terms Conventional, Negotiable, Owner May Help/Assist, Purchase Money Mortgage
Tenant Pays Air Conditioning, Electric, Heat
Unincorporated (Y/N) No
Utilities To Site Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site, Water-Municipal
Washer/Dryer Lsd (Y/N) Yes
Water Drainage None
Listing Courtesy of Coldwell Banker Residential Brokerage