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    6508 Archer Avenue

    Chicago, IL 60638
    • $320,000
    • STATUS: Active
    • ON SITE: 171 days
    • MLS #: 10685116
    UPDATED: 55 min ago
    $320,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,900
      SQFT
    • $54
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Beautiful office building well maintained. Currently fully leased and cash flowing with the flexibility of renewing leases or potentially converting to owner occupied with new owners business. Parking lot to the West of property is not owned but a 99-year lease on the parking lot will transfer to the new owner with 70+ years remaining. The main floor of building is used as a medical center with multiple tenants using it for different purposes. The entire second floor is rented by one long term tenant as office space non-medical. The large pole signage is part of the sale as well with tons of visibility along busy Archer Avenue in the heart of Garfield Ridge.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-26T15:51:07.26 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    6508 Archer Avenue Chicago, IL 60638

    • Price: $320,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 10685116
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,900
    SQFT
    $54
    $/SQFT
    1958
    Built
    Neighborhood:
    Chi - Garfield Ridge
    County:
    Cook
    Area:
    Chi - Garfield Ridge
    Property Description
    Beautiful office building well maintained. Currently fully leased and cash flowing with the flexibility of renewing leases or potentially converting to owner occupied with new owners business. Parking lot to the West of property is not owned but a 99-year lease on the parking lot will transfer to the new owner with 70+ years remaining. The main floor of building is used as a medical center with multiple tenants using it for different purposes. The entire second floor is rented by one long term tenant as office space non-medical. The large pole signage is part of the sale as well with tons of visibility along busy Archer Avenue in the heart of Garfield Ridge.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Lot Dimensions 35 X 125 Lot Sq Ft 4375 Number Of Parking Spaces 8 Number Of TLDocks 0 Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Fire Protection Other Number Of Drive In Doors 0 Number Of Stories 2 Outdoor Parking 6-12 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Electrical Service Circuit Breakers Expense Year 2018 Exterior Building Type Brick Geographic Locale Chicago Southwest Gross Rental Income Amount 7800 Heat Ventilation Forced Air Lease Type N/A Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 40325 Net Operating Income Year 2018 Possession Tenant's Rights Property Offered For Sale Only Tax Year 2018 Taxes 18575 Tenant Pays Varies By Tenant Total Annual Exp 34700 Total Annual Income 93600 Township Lake Unincorporated YN No Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Mi Casa.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-26T15:51:07.26 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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