5523 W Chicago Avenue Chicago IL 60651 MLS #MRD12490942

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7 commercial units Can rent for up to $116,000 per year fully occupied. 5 units are occupied 2 are vacant. Currently bringing in 6700 per month in rent. 2 vacant units need a total rehab 7 store fronts. Rents for up to $9700 per month after rehabbed and fully occupied. Breakdown of each unit below: 1. Rented by Accounting company has been there since 2018. His rent is $1500 2. Event Space rent is $1500 a month. 3. Clothing and Cigar Store $1100 a month rent. 4. Restaurant being rehab right now. Received 6 months FREE rent. His rent will be $1800 per month 5. Event Space VACANT 6. Vacant Space ( NEEDS GUT REHAB ) 7. Storage space being rented by clothing and cigar shops for $800 a month. Property is sold as is. Buyer will have to take over city violations

Property Details

Price:
$205,000
MLS #:
MRD12490942
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
Oct 8, 2025
Total Sq Ft:
9,000
Year Built:
1922
Chi – AustinChiaustin

Schools

Interior

Cooling
Central Air

Exterior

Financial

Net Operating Income
$32,000
Tax Year
2023
Taxes
$43,090

Listing Agent & Office

Russell Walker
Home First Realty Inc

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