Property for Sale: 7125 W Addison, Chicago, IL 60634

$1,050,000
$1,050,000
7125 W Addison, Chicago, IL 60634
$1,050,000
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Price:
$1,050,000

Type Commercial
Year Built 1974

City Chicago
County Cook

MLS 12151750
Status Active
Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!

Room Features

Basement Description None

Virtual Tours for 7125 Addison Chicago, IL

Lot & Building Features

Construction Brick, Concrete
Cooling Wall Sleeve
Tax Year 2023
Lot Dimensions 40 X 125 ft

Price History of 7125 Addison, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $1,050,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Sharon Biros Koerber
Direct: 708-987-0180
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by @properties Christie's International Real Estate, Ralph Milito
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7125 Addison (MLS #12151750) is a commercial listing located in Chicago, IL. This property was listed on 08/30/2024 and has been priced for sale at $1,050,000.

Nearby zip codes are 60171, 60607, 60630, 60706 and 60707. This property neighbors other cities such as Elmwood Park, Harwood Heights, Norridge and River Grove.

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: @properties Christie's International Real Estate