Description
Well maintained & fully occupied mixed-use investment property in major commercial shopping district area of vibrant Evergreen Park. Three commercial spaces and one large 6 room 2 bdrm 2 bath apartment with large private roof top area. Recently painted and a fully renovated bathroom. Commercial spaces consist of a large mechanic shop (20 year tenant), Art Studio and Handcraft/Photo Studio. 2 car garage plus 11 additional parking spaces. Seller has done a number of major improvements over the past 10 years which include masonry work, roof repairs, build out of 2 commercial spaces including the HVAC, plumbing and electric. All units have separately utilities. This property is a great turn-key investment for a owner occupant or investor. Apartment and 2 commercial spaces will be vacated upon closing or as agreed. Current Income & Expense: Mechanic Shop $1,925/month Handcraft Studio $900/month Art Studio $900/month Apartment $0 (owner)/month Total Monthly Rent = $3,725 Total Annual Rent = $44,700 Property Taxes = *$4,202 (3 Pins -*Senior Exempt) Insurance = $1,258, Maintenance/Repairs = $950 (est), Snow Removal = Owner, Water/Sewer = $1,482 Trash Service = $1,620 Total Annual Expenses = $9,512. 2021 Net Operating Income = $35,188 (est).
Location
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$9,750,000
6
7
8,000 Sq ft
ACTIVE
MLS# MRD11706848
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