Jolean Overton-Austin
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
UNLIMITED POTENTIAL & MASSIVE VALUE-ADD OPPORTUNITY IN PRIME SOUTH SHORE! Heavy-hitting investment package featuring a 31-unit mixed-use building in a rapidly developing neighborhood. Fantastic scale with 28 residential units (24 studios and 4 one-bedroom apartments) plus 3 street-level commercial retail spaces offering high visibility and foot traffic. Perfect for an experienced investor or developer looking to execute a full renovation, add value, and stabilize for maximum cash flow or long-term portfolio growth. Conveniently situated near public transportation, major thoroughfares, shopping, and lakefront amenities. Property needs work and is being sold in AS-IS / WHERE-IS condition. Seller will not provide surveys or disclosures; real estate taxes will be prorated. Bring your vision to unlock this property's true potential!
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 1930
General Information
County: Cook
Listed By:
Area Wide Realty
708-656-3333
MRED MLS
MLS ID: 12714918
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7850 S Constance Avenue , Chicago, IL 60617.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $810,000 | $810,000 | $810,000 |
| Down Payment | $162,000 | $28,350 | $202,500 |
| Monthly Mortgage Amount | $4,043 | $4,897 | $5,045 |
| Taxes | $1127 | $1127 | $1127 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $356 | $0 |
| Monthly Estimated Total | $5,406 | $6,616 | $6,408 |
Jolean Overton-Austin
REALTOR®
ABR, CRS, AHWD
Cell: (563) 676-6363
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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