Huge price improvement! Don’t miss out on this brick 3 flat mixed-use building in the hot North Lawndale community!! Great location on main street with tons of traffic and exposure for a business on the first floor. All near transportation, shopping, within a short walk to Altus and Menta Academies and 2.5 miles from STEM Magnet Academy. The property could qualify for numerous development, financial incentives or Community Recovery Act tax credit programs.  See agent remarks for a complete list and contact for alderman’s office. The building offers a very nice commercial office/entertainment space with a meeting room/kitchenette and a 1/2 bathroom on the 1st floor, currently operated by the seller. The 2nd and 3rd floor have 2br/1ba apartments, the tenants pay their own utilities, each apartment has its own furnace, water heater, washer and dryer. Top floor vacant now, 2nd floor is M/Month for flexibility for both investors and owner occupant buyers. Unfinished full basement. Some repairs have been completed, roof has been sealed but interior ceilings and floors have not been repaired. The property has great potential and at the revenue indicated it is a great buy. Sold as-is. Show and write ASAP!
Property Details
Price:
$199,999
MLS #:
MRD12372362
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chinorthlawndale
Listed Date:
May 20, 2025
Total Sq Ft:
3,000
Year Built:
1911
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$2,540
Listing Agent & Office
Charles Nicholson
Nicholson Real Estate Inc.
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