8461 S Baltimore AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60617
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,815 sqft
Price per Sqft $28
MLS Listing ID 12271881
Year Built 1894
Annual Tax Amount $1,265
Tax Year 2023
Lot Dimensions 3068
Property Sub-Type Mixed Use
Property Description
Excellent opportunity in South Chicago! This mixed-use building offers a storefront on the ground floor, 2 - two bedroom residential apartments above, and 1 - two bedroom in the rear of main floor. Perfect for investors or those seeking to capitalize on the area's growth. The property is located within a Tax Increment Financing (TIF) district and Small Business Improvement Fund (SBIF) area, providing access to potential grant funding and financial incentives for renovations. Key Features: No city violations and clear title for a smooth transaction. Repaired roof and new gutters ensure the building's exterior is in good condition. New electrical service has been installed. The property requires a full gut rehab, offering you the chance to customize and modernize the space to your vision. With the potential for both business and residential income, this building presents an ideal project for those ready to invest in a growing neighborhood. Take advantage of the available grants and incentives while creating a highly profitable asset! The seller will not be making any repairs nor providing credits toward the buyer's closing costs. Additionally, the furnace will be removed from the property prior to closing. Please note that water, gas, and electricity have been turned off and will not be reactivated for inspections. Agent is related to seller.
Location
State IL
County Cook
Area Chi - South Chicago
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2