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Cecil Sabu

csabu@allure.realestate +1(312) 772-2820

$ 1,150,000

Est. payment -/mo

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Price Dropped by $50K

1012 S Western AVE Chicago, IL 60612

6,678 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,678 sqft

Price per Sqft $172

MLS Listing ID 12436814

Year Built 1881

Annual Tax Amount $9,315

Tax Year 2023

Lot Dimensions 45 x 100

Property Sub-Type Mixed Use

Property Description

First time for sale in 47 years High exposure Taylor/Western T-intersection. Double storefront with 4 residential units and 2 oversized 2-car garages with very high ceilings. Located in the UIC West Campus "Tri-Taylor" neighborhood. Roosevelt Rd is directly south and I-290 is directly north. The Illinois Medical District and the 4 main hospitals i.e. Rush, UIC, Cook County and West Side VA are walking distance directly east. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled ($1600) and ($1400) as well as one of the four residential units. ($1600) The other 3 residential units ($1400) have long term tenants at below market rents. Gross income reflects assumed market rent for storefronts. We have left them empty for the moment for an owner/operator, but can also rent out, for a straight investor. Gross income of $9200/mo. There is also a standing height double basement for storage or other use. Full occupancy at all times. This is truly a one time, once in a generation purchase opportunity

Location

State IL

County Cook

Area Chi - Near West Side

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Listed by Michael Ramstedt of Art of Real Estate LLC

SCHOOLSPROPERTIES

Elementary Schools 20

10

STEM Magnet Academy Elementary School

Public | KG - 5
10

Skinner Elementary School

Public | PK - 5
10

Skinner North Elementary School

Public | KG - 6
9

Cardenas Elementary School

Public | PK - 3
9

Jackson a Elementary Language Academy

Public | KG - 8
9

Galileo Elementary Math & Science Schol Acd

Public | KG - 8
9

Sheridan Elementary Math & Science Academy

Public | KG - 8
8

Mitchell Elementary School

Public | PK - 8
8

Lasalle II Lang Academy Elementary School

Public | PK - 8
8

Burr Elementary School

Public | PK - 8
8

Perez Elementary School

Public | PK - 8
7

Locke a Elementary Charter Academy

Public | PK - 8
7

Burroughs Elementary School

Public | PK - 8
7

Columbus Elementary School

Public | PK - 8
7

Pritzker Elementary School

Public | KG - 8
6

Frazier Perspectives Magnet Elementary School

Public | KG - 8
6

Casals Elementary School

Public | KG - 8
6

Namaste Elementary Charter School

Public | KG - 8
6

Holden Elementary School

Public | PK - 8
5

Nobel Elementary School

Public | KG - 8

Middle Schools 7

10

Young Magnet High School

Public | 7 - 12
7

Orozco Elementary School

Public | 6 - 8
7

Ogden Intermediate High School

Public | 6 - 12
6

Evergreen Academy Middle School

Public | 6 - 8
3

Aspira Charter Schools

Public | 6 - 12
2

Madero Middle School

Public | 6 - 8
0

Iyc Chicago

Public | 6 - 12

High Schools 20

9

Westinghouse High School

Public | 9 - 12
8

Phoenix Military Academy High School

Public | 9 - 12
6

Crane Medical Preparatory High School

Public | 9 - 9
5

North Lawndale Charter High School

Public | 9 - 12
5

Clemente Community Academy High School

Public | 9 - 12
4

Marshall Metropolitan High School

Public | 9 - 12
4

Spry Community Links High School

Public | 9 - 12
4

Manley Career Academy High School

Public | 9 - 12
4

Ihsca Charter High School

Public | 9 - 12
4

Wells Community Academy High School

Public | 9 - 12
3

Juarez Community Academy High School

Public | 9 - 12
2

Raby High School

Public | 9 - 12
2

Chicago Technology Academy High School

Public | 9 - 12
1

Orr Academy High School

Public | 9 - 12
1

Farragut Career Academy High School

Public | 9 - 12
1

Collins Academy High School

Public | 9 - 12
1

Legal Preparatory Academy Charter High School

Public | 9 - 10
1

Urban Preparatory Charter Academy West Campus High School

Public | 9 - 12
0

Community Services West High School

Public | 10 - 12
0

Ford Power House Charter High School

Public | 9 - 12

School and business data provided by Attom Data.

Cecil Sabu

Designated Managing Broker & Loan Originator | License ID: 471.019943 | NMLS ID: 2111992

+1(312) 772-2820

Cecil Sabu

1012 S Western AVE Chicago, IL 60612

Key Details

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Interior

Building

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1012 S Western AVE