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2524 S California AVE Chicago, IL 60608
4,050 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,050 sqft
Price per Sqft $271
MLS Listing ID 12289168
Year Built 1891
Annual Tax Amount $8,795
Tax Year 2023
Lot Dimensions 25X128
Property Sub-Type Mixed Use
Property Description
INVESTORS! Come see this impressive, income generating 4-unit + restaurant space with a total of 7 bedrooms and 4 full bathrooms. The front building has a restaurant/commercial space on the ground floor with good visibility and foot traffic. There is a 2-bedroom, 1-bath apartment above the commercial space, along with a full basement (40% used by the restaurant). The addition of coin-operated laundry for all tenants is a nice bonus for extra income in the basement of the front building. The rear building of the lot adds even more value, with two 2-bedroom, 1-bath apartments and a basement unit currently set up as a 1-bedroom but could be converted into a 2-bedroom. The property includes a 1-car garage. Tenants paying all utilities is also a strong feature, as it reduces the owner's expenses. With the mixed-use setup, you have both residential and commercial tenants, which diversifies your income stream. Option to purchase this property with 2814 W. 25th Place (MLS#12289174)! Owner selling bc he no longer lives in the area.
Location
State IL
County Cook
Area Chi - South Lawndale
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by Rafay Qamar • Real Broker LLC
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