6842 Archer Avenue

    Chicago, IL 60638
    • $386,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 10550390
    UPDATED: 61 min ago
    $386,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Located in a B3-1 Garfield Ridge district with low property taxes, this address has prime exposure in Garfield Ridge. Exact address is : 6842-44 W. Archer Ave. Brick 2 storefront building with each unit consisting at 2000 square feet. Over 30,000 daily car traffic , near major retailers and minutes away from I -55, bus and Orange line transportation and Midway Airport make this a great opportunity for your new, expanding business or add to your investment portfolio. Parking is ample for clients and employees in back for at least 10 cars and available on street. Building has newer facade,A/C units, roof, windows and doors . Currently 100% leased with opportunity to start or expand your business in one or both of the storefronts. Tenant 1 is an established cell phone repair and video business. Tenant 1 can move on (or stay, your choice) and you can bring your own ideas for the space. This unit has its own breakroom, storage areas and bathroom. Tenant 2 is a well established spa with grandafathered rights by the city as the only one if its kind in the area that has been in this location for 17 years with a strong clientele following. This unit has 2 bathrooms, storage area and a breakroom along with 8 private rooms currently used for facials and massages. Tenant for this unit can stay or go. Your option! Each unit is configured differently. Bring your ideas and make an appointment to view! Positive income in a great location!!

    Monthly Payment Calculator



    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-11-20T08:50:22.11 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.bnrealty.com/homes/100025314

    6842 Archer Avenue Chicago, IL 60638

    • Price: $386,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 10550390
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,000
    SQFT
    $97
    $/SQFT
    1960
    Built
    Neighborhood:
    Chi - Garfield Ridge
    County:
    Cook
    Area:
    Chi - Garfield Ridge
    Property Description
    Located in a B3-1 Garfield Ridge district with low property taxes, this address has prime exposure in Garfield Ridge. Exact address is : 6842-44 W. Archer Ave. Brick 2 storefront building with each unit consisting at 2000 square feet. Over 30,000 daily car traffic , near major retailers and minutes away from I -55, bus and Orange line transportation and Midway Airport make this a great opportunity for your new, expanding business or add to your investment portfolio. Parking is ample for clients and employees in back for at least 10 cars and available on street. Building has newer facade,A/C units, roof, windows and doors . Currently 100% leased with opportunity to start or expand your business in one or both of the storefronts. Tenant 1 is an established cell phone repair and video business. Tenant 1 can move on (or stay, your choice) and you can bring your own ideas for the space. This unit has its own breakroom, storage areas and bathroom. Tenant 2 is a well established spa with grandafathered rights by the city as the only one if its kind in the area that has been in this location for 17 years with a strong clientele following. This unit has 2 bathrooms, storage area and a breakroom along with 8 private rooms currently used for facials and massages. Tenant for this unit can stay or go. Your option! Each unit is configured differently. Bring your ideas and make an appointment to view! Positive income in a great location!!
    Exterior Features

    Construction Brick Frontage Access City StreetPublic RoadState RoadOther Location Central Business DistrictMixed Use AreaPublic Transport Avail Lot Dimensions 50 X 125 Lot Sq Ft 3126 Number Of TLDocks 0 Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Ceiling Height Ft 11 Fire Protection Fire Extinguisher/SSmoke Or Fire Protectors Floor Finish TileWoodOther Miscellaneous Inside Common Meeting Room/SMulti-TenantPrivate Restroom/SStorage Inside Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 1-5 Spaces6-12 Spaces13-18 Spaces19-30 Spaces31-50 Spaces51-100 SpacesPrivate Lot

    Property Features

    Current Use CommercialOffice And ResearchOther Electrical Service 0-100 Amps101-200 Amps Exterior Building Type BrickStucco Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Onl No Gross Rental Income Amount 3900 Heat Ventilation Forced Air Investment YN Yes Known Encumbrances None Known Lease Type N/A Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 55000 Number Of Tenants 2 Property Offered For Sale Only Tax Year 2017 Taxes 12831 Tenant Pays ElectricHeatScavengerWater/SewerOther Total Annual Exp 15000 Total Annual Expense Source Broker Projection Total Annual Income 132000 Township Lake Unincorporated YN No Utilities To Site Electric To SiteSanitary Sewer To SiteWater To Site Zoning Type Offic

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Elite.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-11-20T08:50:22.11 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    BNRealty | RE/MAX Rising
    501 S Towanda Barnes, Suite 2
    Bloomington IL, 61705