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2963 S Archer Avenue, Chicago, IL 60608
$589,990
2963 S Archer Avenue, Chicago, IL 60608View this property at 2963 S Archer Avenue, Chicago, IL 60608
2963 S Archer AvenueChicagoIL60608
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Property Description
Motivated seller- Moving out of state! Great property with cash flow! You have a large storefront, an active AIRBNB unit and apartment all in one! Located in a High traffic area. Good income producing mixed use property in Bridgeport. Owner has taken good care of the building. You can do a lot here! The open space on the ground level can be used as office space, Real Estate office, medical office, dental, pop up business, etc. Features a nice size conference room, private office, full kitchen & full bathroom. The 2nd floor is a legal 2 bedroom/1 bathroom apartment, rented by long term tenant. The garden unit is a legal AIR BNB apartment that is a consistent money maker. Great income and room to grow. There are 3 parking spots in the rear. Great location. Great building. Well maintained. Located near the highway & public transportation. New construction in the works all around.
Full Property Details
Full Property Details for 2963 S Archer Ave
General
- Price: $589,990
- Taxes: $5,630 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 12042975
- Updated: 5/13/2024
- Added to Site: 15 day(s) ago
Interior
- Interior Features: Multi-Tenant
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Bridgeport
- County: Cook
- Township: South Chicago
- Driving Directions: north/south on Ashland to Archer, north to property.
- Location Details: Chicago South, Chicago Southwest
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Utilities
- Trash: 75
Structural Information
- Exterior Const.: Aluminum Siding
- Foundation: Other
- Stories/Levels: 2
- Square Feet: 2,640
- Current Bldg. Use: Commercial, Legal Non-Conforming
- Year Built: 1883
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 2,710
- Lot Dimensions: 25 x 110
- Frontage: City Street
- Potential Use: Commercial, Multi-Family, Retail
- Zoning: COMMR
Financial Considerations
- Lease Price: $25
- Insurance Fee: $245
- Assessment Year: 1883
- Tax Amount: $5,630.57
- Tax Year: 2021
- Pays Electric: 135
- Pays Trash: 75
Disclosures and Reports
- Property ID: 17293220150000
Listed by 606 Brokers LLC
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Schools
Schools serving 2963 S Archer Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1104 W 31st St, Chicago, IL 60608 | PK-8 | 0.4 mi | |
Tilden Achievement Academy High School
4747 S Union Ave, Chicago, IL 60609 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2963 S Archer Ave
Date
Details
Price
Change
Source
5/07/2024
Price Reduced
$589,990
-1.65%
MLS
4/30/2024
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2963 S Archer Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$5,759
2%
$28,000
—
2021
$5,631
4%
$28,000
15%
2020
$5,437
24%
$24,407
-13%
2019
$4,396
-10%
$28,055
—
2018
$4,863
-3%
$28,055
5%
2017
$5,020
-1%
$26,693
-4%
2016
$5,088
17%
$27,900
—
2015
$4,356
15%
$27,900
21%
2014
$3,796
25%
$23,028
24%
2013
$3,029
-9%
$18,626
-19%
2012
$3,312
—
$23,029
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2963 S Archer Ave
2963 S Archer Avenue, Chicago, IL 60608 (MLS# 12042975) is a Commercial property. 2963 S Archer Avenue is currently listed for $589,990 and was received on April 30, 2024. Want to learn more about 2963 S Archer Avenue? Do you have questions about finding other Commercial real estate for sale in Bridgeport? You can browse all Bridgeport real estate or contact a Coldwell Banker agent to request more information.