2745 North Harlem AvenueChicago, IL 60707Price: $595,000

  • Price: $595,000
  • 16 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 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.
  • 3,300Square Feet
  • 1967Year Built

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Fully leased strip mall with a 7% cap rate on Harlem Ave. in Chicago's Northwest side. High traffic location with 23,000 vehicles passing by per day. The building is zoned B3-1 which allows for residential to be built on the second floor for mixed use. The building has very low operating cost with the tenants handling the majority of cost and exterior maintenance. The building sits on 3 city lots and has over 20 parking spaces and alley access. The building has 2 units with an estimated 3,300 of leasable space with the larger unit being a long term tenant. The smaller space was just leased to a new tenant and undertaking a full remodel.

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Listed by Adam Ramahi and Gregorio Cirone of Interdome Realty

Based on information submitted to MRED  as of December 5, 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.

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