Chicago, IL 60643 10835 S Western Avenue
$649,900



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Presented By: Listing Leaders Northwest, Inc
Home Details
Welcome to 10835 Western Ave, a prime mixed-use investment property located on highly visible Western Ave. This well maintained building features three residential units above a versatile commercial space. Residential Units (Approx. $3,880/mo total rent): Unit 1 (Front): Loft-style apartment w/ upper-level bedroom + half bath; MTM lease. Unit 2 (Middle): 1 bed/1 bath; leased through June 2026. Unit 3 (Rear): 2 bed/1 bath; MTM lease. Strong rental income with reliable tenants in place. The Commercial Space Formerly a long-standing dental practice owned by only two practitioners. The practices are now closed and the large, open lower level is ready for conversion to a professional office, medical/med spa, retail, or divisible rental suites. This is an excellent opportunity for business owners or investors. Additional Features include, high-traffic location with great visibility, a historic facade with solid structure, proximity to shops, restaurants, and public transit, and flexible zoning and multiple use options. This is ideal for investors seeking stable income with upside or owner-operators looking for a customizable commercial footprint. There is 1 furnace, forced heating and air that is connected for the offices. Then there are 3 boilers for each upstairs apartment, and the 2 water heater tanks are serviced for the offices and all units. There are a total of 4 total gas meters and 4 electrical meters for the units and office. *Buyer to confirm year built and dimensions. Showings will be blocked for Wednesdays 10am-7pm and Saturdays 10am-7pm ONLY to be respectful of the tenants. Please request showings 48 hours in advance. Thank you!
Presented By: Listing Leaders Northwest, Inc
Interior Features for 10835 S Western Avenue
Other Interior Features
FlooringCarpet, Vinyl
Total Fireplaces1
General for 10835 S Western Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick/Stone Msn Pred
ContingencyFinancing
CoolingCentral Air
CountyCook
DirectionsHeading east on Western Avenue from 99th, head about a mile and the building will be on the left across from County Fair Grocery.
ElectricSeparate Meters
Electric Expense1223
Fuel Expense2497
Gross Income3480
Insurance Expense4178
Lot Size Square Feet7500
MLS AreaCHI - Morgan Park
Number Of Units Total4
PossessionClosing
Possible UseRetail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofTar/Gravel
Standard StatusActive Under Contract
StatusContingent
Stories Count2
Tax Annual Amount7372
Tax Year2023
Tenant PaysElectricity, Heat
Total Actual Rent3880
Trash Expense114
UtilitiesElectric to Site, Natural Gas Available, Water Available
Water Sewer Expense1424
Year Built1968
ZoningMULTI
Exterior for 10835 S Western Avenue
Frontage TypeCity Street
Lot Dimensions.172
Additional Details
Price History
