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3001 W 111th Street, Chicago, IL 60655
$710,000
3001 W 111th Street, Chicago, IL 60655View this property at 3001 W 111th Street, Chicago, IL 60655
3001 W 111th StreetChicagoIL60655
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Property Description
EXCELLENT INVESTMENT OPPORTUNITY! 10%+ CAP RATE WITH ROOM TO IMPROVE! 100% LEASED MIXED USE BUILDING WITH LONG TERM TENANTS. 5000sf DELUXE OFFICE SPACE AND 4 UPDATED RESIDENTIAL APARTMENTS. 7 UNITS TOTAL W/INDIVIDUAL HEAT & A/C. UPDATED KITCHEN & BATHS. 10 CAR PARKING LOT PLUS 13 CAR LEASED PARKING AREA. EXCELLENT LOCATION CLOSE TO SHOPPING, SCHOOLS, & TRANSPORTATION. Excellent investment opportunity. Mixed use building. 5,000 appx square foot deluxe office space and 4 updated residential apartments. 7 units total with individual heat & a/c. Updated kitchen and baths. 10-car parking lot plus 13-car leased parking area. Excellent location close to shopping, schools and transportation.
Full Property Details
Full Property Details for 3001 W 111th St
General
- Sold For: $710,000
- Taxes: $9,718 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11775144
- Added to Site: 394 day(s) ago
Interior
- Interior Features: Multi-Tenant, Private Restroom(s), Basement
- Flooring: Carpet
Parking
- Parking Features: 19 to 30 Spaces
Location
- Area: CHI - Mount Greenwood
- County: Cook
- Driving Directions: KEDZIE TO 111TH ST. EAST 1/4 MILE TO BUILDING
- Location Details: Chicago Southwest, Central Business District, Corner, Mixed-Use Area, High Traffic Area
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick, Stucco
- Roof: Reflective Coating, Rubber
- Sub-Flooring: Carpet
- Stories/Levels: 2
- Square Feet: 9,700
- Current Bldg. Use: Office
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 10,500
- Lot Dimensions: 84 x 124
- Frontage: City Street
- Potential Use: Office and Research
- Zoning: COMMR
Financial Considerations
- Operating Expenses: $38,782
- Assessment Year: 1900
- Tax Amount: $9,718.52
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Documents Avail.: Leases, Existing Survey
- Property ID: 24241030420000
Listed by Berkshire Hathaway HomeServices Chicago
Sold by Fitzgerald Real Estate Inc.
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Schools
Schools serving 3001 W 111th St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
11314 S Spaulding Ave, Chicago, IL 60655 | PK-8 | 0.5 mi | |
1744 W Pryor Ave, Chicago, IL 60643 | 7-12 | 1.6 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 3001 W 111th St
Date
Details
Price
Change
Source
12/30/2023
Sold
$710,000
-8.39%
MLS
11/22/2023
Price Reduced
$775,000
-6.06%
MLS
8/23/2023
Price Reduced
$825,000
-8.23%
MLS
5/04/2023
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3001 W 111th Street, Chicago, IL 60655 (MLS# 11775144) is a Commercial property that was sold at $710,000 on December 30, 2023. Want to learn more about 3001 W 111th Street? Do you have questions about finding other Commercial real estate for sale in Mount Greenwood? You can browse all Mount Greenwood real estate or contact a Coldwell Banker agent to request more information.