1156 West Grand AvenueChicago, IL 60642Price: $1,700,000

  • Price: $1,700,000
  • 86 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* 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.
  • 1883Year Built

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1156 W Grand is comprised of 5 apartments and 1 commercial space currently operating as a Sushi Restaurant. Zoning is C2-2 and the building is 100% occupied. Renovations vary per unit. The commercial space occupies main level and half of the basement, which is used for food prep and storage. The other half of the basement is unfinished and used as storage for owner. Lease ends in 2026 with annual bumps of 3.2%. Commercial tenant pays 25% of RE taxes. 2-car garage in rear is used by the commercial tenant. 2nd floor is comprised of two large 1 bedrooms and a shared laundry room. 3rd floor is also comprised of two large 1 bedrooms. 1F,2F, and 4 all have central heat and air. Units 2R and 3R do not have central AC or central heat. 2R has a space heater and 3R is baseboard heat. 4th floor is one massive 3 bedroom/2 bath unit with laundry in-unit. Rents below market and there is plenty of room to add more value. Alley access and 2-car garage in rear for the commercial space.

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Listed by Quentin Green III of Downtown Realty Company

Based on information submitted to MRED  as of December 6, 2023 . 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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