11000 Michigan Avenue, Chicago

$1,850,000

0 Beds
0 Baths
0 Acres
0 Garages

Investors don't miss the opportunity to purchase this Value Add 66 Mixed-Use building for sale. Located in an Opportunity Zone, this building consist of 49 Apartments, 10 Offices, and 7 Retail stores. Tenants pay electric, cooking and heating gas. This building operates at a 10.16% Cap Rate and is 95% occupied. There is room for improvements that will increase monthly cash flow. This property is centered along the Chicago Transit Authority expansion plan, which would include 4 new train stations and also close proximity to the new Amazon Distribution Center.

Essential Information
MLS® #10650189
Price$1,850,000
Acres0.00
Year Built1927
TypeCommercial
Sub-TypeMixed Use
StatusActive
Community Information
Address11000 Michigan Avenue
AreaCHI - Roseland
CityChicago
CountyCook
StateIL
Zip Code60628
Interior
HeatingForced Air
CoolingWindow Unit/s
# of Stories7
Stories4
Exterior
ExteriorBrick
Lot DescriptionCorner, Public Transport Avail
RoofFlat
ConstructionBrick
FoundationConcrete
Additional Information
ZoningCOMMR
Office

MoHall Commerical & Urban Development

Property History
Status Changed from New to Active
LISTING MAP

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Listing information last updated on June 6th, 2020 at 4:20pm CDT.