100% leased commercial office investment opportunity with tremendous upside potential consisting of two office buildings with shared parking at a competitive 11% cap rate priced well below replacement cost. Asset consists of two commercial office structures: 11750 Building consists of a two-story 4000 SF office building currently leased to Congressman Bobby Rush / First Congressional District Office guaranteed by the U.S. Congressional Budget Office and 11740 Building is approximately 6000 SF leased to financial services firm. Positioned on approximately 13,875 SF of land offering approximately 30 parking stalls. Well-maintained building with new TPO roofing systems (2017), new HVACs on 11750, recent build in 11740 and parking lot reseal & patch 2018. Easily accessible from major thoroughfares. Located In Chicago's Beverly Hills/Morgan Park neighborhood offering an impressive residential, retail and cultural balance in one of Chicago's most historic communities. Attractively priced
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Magellan Realty LLC are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Listing information last updated on May 19th, 2019 at 5:50am CDT.