2745 N Harlem Avenue $565,000

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    2745 N Harlem Avenue Chicago-Montclare, IL 60707

    • 3,300 sq. ft.
    • Commercial
    • MLS# 11446826
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    Views: 3 Days On Site: 93

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    Property Details

    Low maintenance and cash flowing this two unit strip mall on busy Harlem and Diversey intersection is a great opportunity to invest. The building has over 3,300 sq/ft of leasable space and is currently fully leased by two amazing and profitable businesses. The building has 20 parking spaces, alley access and over 23,000 cars passing by per day on Harlem Ave. The tenants include a travel agency/shipping/phone store and an established smoke shop. The current rent is $4,975 per month with yearly increases. The building's roof is in great shape, no basement to worry about and cinder/brick construction.

    • General Features
      • Additional Parcels Y/N Yes
      • Area CHI - Montclare
      • County Or Parish Cook
      • Electric Expense 1500
      • Fuel Expense 0
      • Gross Income 59700
      • Gross Scheduled Income 59700
      • Leasable Area 3300
      • Net Operating Income 36230
      • Number Of Units Total 2
      • Operating Expense 23370
      • Tax Annual Amount 17470
      • Tax Year 2020
      • Township Jefferson
      • Year Built 1967
      • Zoning COMMR
    • Building Features
      • Building Area Total 3300
      • Construction Materials Concrete,Block,Steel Siding
      • Cooling Central Air
      • Electric Circuit Breakers
      • Flooring Carpet,Concrete
      • Foundation Details Concrete Perimeter
      • Roof Rubber
      • Stories 1
    • Property Features
      • Lot Size Dimensions 75X125
      • Lot Size Square Feet 9375
      • Parcel Number 13303000040000
      • Parking Total 20

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    Neighborhood

    60707 (Chicago-Montclare) Demographics

    40 Median Age
    11,762 Population Density (per sq. mile)
    36% College Educated
    $64,790 Estimated Median Income
    9,831 Estimated Total Home Owners
    5,659 Estimated Total Renters
    63% / 37% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    42,434 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $340,000 Median Sales Price
    30 Homes Sold
    62 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $565,000
        8/8/2022 12:17:55 AM Status Changed Source: Multiple Listing Service New Value: Active
        8/2/2022 3:17:26 PM Price Reduced Source: Multiple Listing Service New Value: $565,000 -2.42%
        8/2/2022 3:17:26 PM Status Changed Source: Multiple Listing Service New Value: Price Change
        7/1/2022 12:17:45 AM Status Changed Source: Multiple Listing Service New Value: Active
        6/25/2022 10:48:00 AM New in Database Source: Multiple Listing Service New Value: $579,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.