Chicago, IL 60651 3962 W Grand Avenue

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Presented By: 33 Realty
  • MLS# 12161123
  • 09/11/2024
  • Request Tour
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  • Beds • 3
  • SQFT • 6,720

Home Details

Fantastic corner building at a busy intersection in West Humboldt Park. The building consists of 8 units with 5 apartments and 3 retail spaces. The building is fully occupied with all units individual metered for gas and electric. The retail tenants are all on GM leases with RUBS and rent increases in place. The apartment units are all market rate with some on leases and some month to month. The unit mix for the apartments: 3- 2 bedroom / 1 bathroom ; 2- 1 bedroom / 1 bathroom; 3 retail spaces. This neighborhood has been improving with the recent addition of the Amazon distribution center. The retail spaces have always remained occupied due to the strong location in the neighborhood. This is a high cash flowing investment property with a diversified income stream. Make it a part of your portfolio today!
Presented By: 33 Realty

General for 3962 W Grand Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingPartial
CountyCook
Current UseMulti-Family, Other
DirectionsNortheast corner of the Grand and Pulaski intersection.
ElectricSeparate Meters
Electric Expense960
Fuel Expense
Gross Income146700
Insurance Expense3500
Lot Size Square Feet4022
MLS AreaCHI - Humboldt Park
MaintenanceExpense2500
Net Operating Income111039
Number Of Units Total8
Operating Expense30126
Possible UseMulti-Family, Retail
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofRubber
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount5540
Tax Year2023
Tenant PaysElectricity, Heat, Varies by Tenant
TownshipWest Chicago
Trash Expense2000
UtilitiesWater Available
Water Sewer Expense4552
Year Built1910
ZoningCOMMR

Exterior for 3962 W Grand Avenue

Building Area Total6720
Frontage TypeCity Street
Lot Dimensions55X48X89X84

Additional Details

Price History

Client Care

Price $1,350,000
MLS#12161123
List Date 09/11/2024
Property Type Contingent
Phone 847.485.2500
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