4617 South Archer AvenueChicago, IL 60632Price: $475,000

  • Price: $475,000
  • 108 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1955Year Built

Listing Tools

SALE INCLUDES PIN'S 19024240090000 & 19024240100000 OWNER FINANCING AVAILABLE WITH A SUBSTANTIAL DEPOSIT!!! Located in the Heart of Brighton Park neighborhood of Chicago, this Mixed Use property is ideal for investors or entrepreneurs looking for passive income and or to provide business services. A well-established, thirty-five years beauty salon and building FOR SALE with an adjacent 25x125 lot located at 4617-19 S. Archer Ave. Chicago, IL. The subject property is a mixed-use one-story masonry constructed building with a 1,000 s. f. retail space in front and a 1,500 s. f. residential apartment in the rear and a two-car garage. The retail space is being occupied by a beauty salon that has been here for thirty-five years and generates $2,000 a month in rental income, it can potentially generate $2,500 per month if desired. The apartment in the rear is owner occupied. The apartment consists of three bedrooms, and one bath. Windows are two years old, the electric box is modern, recently replace hot water heater, the heating system is steam radiators. This is the perfect opportunity for someone who is looking to continue the legacy of this successful operation or may consider starting a new business or simply doing a condo development, the zoning here is C1-2. You can easily change the zoning if you are doing a multi-unit project. The property is located five minutes away from Midway International Airport, five minutes away from CTA orange line, five minutes away from I55 expressway that gets you in and out of Chicago or into downtown Chicago. Or simply take the 62 CTA bus route east on Archer Avenue it will bring you downtown Chicago or China town. The property is also Centrally located for Grocery shopping, near by is Pete's Fresh Produce Market, Cermak Produce, Jewel Food Store and Aldi Foods.

Driving Directions

Property Details

Other Details

Listed by Jose Montejano of Montejano Realty Group Corp.

Based on information submitted to MRED  as of October 18, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: