Property for Sale: 1441 W 103rd, Chicago, IL 60643

$1,475,000
$1,475,000
1441 W 103rd, Chicago, IL 60643
$1,475,000
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Price:
$1,475,000
$24,000 - 05/30/2024

Type Commercial
Year Built 1904

City Chicago
County Cook

MLS 11775757
Status Active
NEW PRICE! Come check out this ICONIC mixed-use, value-add 12 unit building in Chicago's incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on busy 103rd street, this property provides retail owners a ton of vehicle and foot traffic to bring in business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort. The property sits on a giant lot with a massive garage to the South of the main building. This area provides a ton of opportunity to the new buyer potentially for the addition of more units, storage or covered / enclosed garage space to generate additional revenue. Rents are currently under market with plenty of room for increases with efficient management. The back of the building is also currently used as a small gathering spot for the tenants to relax, play and / or bbq. All tenants have central HVAC for heating and cooling which was upgraded in the early 2000s. Roofs have been resealed in the past 5 years. Over a dozen parking spots in the rear of the building as well. Currently priced at a 7.75 CAP but with better management and getting rents to market this could easily be a 9+ CAP building. This property has unlimited potential and upside with the right plan. Schedule a showing today!

Lot & Building Features

Construction Brick
Cooling Central Air
Tax Year 2023
Lot Dimensions 29246 ft

Price History of 1441 103rd, Chicago, IL

Date Name Price Difference
05/30/2024 Price Adjustment $1,475,000 1.60%
03/22/2024 Price Adjustment $1,499,000 0.07%
01/03/2024 Price Adjustment $1,500,000 4.76%
07/18/2023 Price Adjustment $1,575,000 1.56%
12/31/1969 Listing Price $1,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Pam Decker
Direct: 708-363-1925
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Fitzgerald Real Estate Inc., Andrew Dorazio
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6.75%
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1441 103rd (MLS #11775757) is a commercial listing located in Chicago, IL. This property was listed on 05/05/2023 and has been priced for sale at $1,475,000.

Nearby zip codes are 60620, 60628, 60637, 60655 and 60805. This property neighbors other cities such as Calumet Park and Evergreen Park.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Fitzgerald Real Estate Inc.