2357 E 75th Street, CHICAGO IL 60649 Photo 1
Listing Courtesy of Citywide Realty Llc

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2357 E 75th Street - TRUE 13% CAP RATE on quality, stable single tenant property on high traffic stoplight corner. Tenant has been there for 10 years and just signed new 5-year lease at $4,000/month. Owner pays taxes and insurance - estimated at $15,000/year. Tenant pays all other expenses. $42/sf with tons of upside and painless management. 7 blocks from the Lake.

Listing information

  • MLS® ID: 09323074
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Office
  • Stories: 1
  • Foreclosure: No
  • Year Built: 1967
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $16,311

Features

Air Conditioning Central Air
Approximate Age 36-50 Years
Built Before 1978 (Y/N) Yes
Construction Brick, Concrete
Current Use Other
Docks None
Electrical Service 201-600 Amps
Exterior Building Type Brick
Extra Storage Spaces Available (Y/N) No
Fire Protection Fire Extinguisher/s, Smoke or Fire Protectors
Foundation Concrete
Franchisor Feed(y/n) No
Geographic Locale Chicago South
Heat/Ventilation Central Bldg Heat, Forced Air, Gas
Information Listing Agent Must Accompany, No Sign on Property
Other # Of Drive In Doors - 0, # Of Tenants - 1, # Of TL Docks - 0, # Of Units - 1, Approx Total Bldg Sq Ft - 5800, Expense Year - 2016, Gross Rentable Area - 5500, Gross Rental Income $ - 48000, Net Oper Income $ - 31689, Net Rentable Area - 5500, Tax Year - 2015, Total Annual Exp - 1400, Total Annual Income - 48000, Total Monthly Income - 4000, Township - Hyde Park, Zoning Type - Commr
Ownership Type Corporation
Potential Use Retail
Property Offered For Sale Only
Property Type Office/Tech
Roof Coverings Rubber
Roof Structure Flat
Tenant Pays Air Conditioning, Common Area Maintenance, Electric, Heat, Janitorial, Scavenger, Water/Sewer
Listing Courtesy of Citywide Realty Llc