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4800 S Wood Street

Chicago, IL 60609
  • $425,000
  • STATUS: Active Under Contract
  • ON SITE: 153 Days
  • MLS #: 11390956
Under Contract
UPDATED: 199 min ago
$425,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1908
County:

School Ratings & Info

Description

Excellent opportunity in Back Of The Yards! Large commercial space on ground floor, 4 residential apartments, full unfinished basement, plus full finished attic. Nearly $200K worth of work already completed including brand new roof, windows, and tuckpointing. Commercial space is approximately 1525sqft with 2 half baths. Space can be easily divisible into 2 storefronts - perfect size for a local nail salon, hairdresser, etc. Storefront rents projected at $1200 each and have access to full basement for additional storage. Residential apartments are currently 2-3 beds, 1 bath each. Take advantage of the full finished attic by creating duplex up apartments! Potential for (1) 2 bed 1 bath (Projected Rent: $1250) on 1st floor, and (3) 3 bed 2 bath duplex up units (Projected Rent: $2000) on 2nd floor. Projected Gross Annual Income of $115,800. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away.

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© 2022 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 @properties. Based on information submitted to the MRED as of 2022-10-01T23:58:22.623 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.

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4800 S Wood Street Chicago, IL 60609

  • Price: $425,000
  • Status: Active Under Contract
  • On Site: 153 Days
  • Updated: 199 min ago
  • MLS #: 11390956
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1908
Built
Neighborhood:
Chi - New City
County:
Cook
Area:
Chi - New City
Property Description
Excellent opportunity in Back Of The Yards! Large commercial space on ground floor, 4 residential apartments, full unfinished basement, plus full finished attic. Nearly $200K worth of work already completed including brand new roof, windows, and tuckpointing. Commercial space is approximately 1525sqft with 2 half baths. Space can be easily divisible into 2 storefronts - perfect size for a local nail salon, hairdresser, etc. Storefront rents projected at $1200 each and have access to full basement for additional storage. Residential apartments are currently 2-3 beds, 1 bath each. Take advantage of the full finished attic by creating duplex up apartments! Potential for (1) 2 bed 1 bath (Projected Rent: $1250) on 1st floor, and (3) 3 bed 2 bath duplex up units (Projected Rent: $2000) on 2nd floor. Projected Gross Annual Income of $115,800. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away.
Exterior Features

Docks None Exterior Building Type Brick Parking Total 0

Interior Features

Cooling None Fireplaces Total 0 Heat Ventilation Other Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 5172 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Electric Circuit Breakers Fire Protection None Geographic Locale Chicago South Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Mls Actual Status Contingent Possible Use CommercialMulti-FamilyRetail Property Sub Type Apts/Stores Rental Price 0 Tax Annual Amount 2635.37 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 0 Type Mixed Use

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Next: 312-620-3446.


© 2022 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 @properties. Based on information submitted to the MRED as of 2022-10-01T23:58:22.623 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
 
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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611