Shelly Borota
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
La Villita/Little Village South Lawndale Neighborhood, Rare opportunity Mix-Use Store front with 3 additional units and a Vacant Side Lot (2804 S Drake) with separate PIN. Property has been in the family for over 40 years. Be your own Boss and operate your own business. Building Offers street level storefront currently mom & pop grocery store. The residential portion consists of 1st Floor 4 Room 2 Bedroom, 1 Bath; 2nd Floor Front unit 6 Rooms 3 Bedrooms & 1 Bath; 2nd Floor Rear Unit 4 Rooms 2 Bedrooms & 1 Bath. Full Unfinished Basement for additional Storage plus 2 Car Detached Garage. All utilities are separate, radiators & wall space heaters in units. The current rental income is below market value due to long term tenants. Property has tons of Vintage Charm with original mill work, built ins but being sold AS IS with tons of potential just need your renovation ideas for today's needs for market rental income. Roof approx. 2017 Located near El Arco de La Villita/26th Street Commercial Corridor-one of the highest-grossing shopping neighborhoods in the city, filled with Restaurants, Shopping, Banks, Street Vendors, Murals-Minutes from I-55 & I-290 Expressways, Public Transportation, Midway Airport, 26th Street/Blue Island Avenue for a quick drive to Downtown Chicago and all that the City has to offer.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1915
General Information
County: Cook
Listed By:
Acevedo Realty Group
312-719-1100
MRED MLS
MLS ID: 12788001
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2800 S Drake Avenue, Chicago, IL 60623.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $495,900 | $495,900 | $495,900 |
| Down Payment | $99,180 | $17,357 | $123,975 |
| Monthly Mortgage Amount | $2,606 | $3,199 | $3,214 |
| Taxes | $690 | $690 | $690 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $218 | $0 |
| Monthly Estimated Total | $3,441 | $4,252 | $4,049 |
Shelly Borota
REALTOR®
Cell: (563) 357-8243
Licensed in IA
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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