IL
Cook
Chicago
60634
7125 W Addison Street
7125 W Addison Street, Chicago, IL 60634
Listing Type
commercial/industrial
Listing Status
active
28
$1,050,000

Home Details for 7125 W Addison Street

Price
$1,050,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1974
County
Cook
Garage
Days on site
64
MLS Listing#
12151750
Listing courtesy: @properties Christie's International Real Estate - 847-692-5522
Property Description

Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!

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Property Features
  • Cooling Information
    • Wall Sleeve
Midwest Real Estate Data logoProperties are provided courtesy of the MLS of Northern Illinois, Inc. Broker Reciprocity Database. Information Deemed Reliable but Not Guaranteed.
Based on information submitted to the MRED as of last update. 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.
Last Updated: 2024-11-02 14:07:50
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