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$400,000
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Property Description
Excellent investment opportunity in the heart of Park Manor. Mixed Residential and commercial building consisting of 3 occupied stores Featuring Mabe's Deli as the business hub. There are also 8 1 bedroom 1 bath apartments and a 5 car brick garage for additional income with minor deferred maintenance. All mechanics are newer and in excellent condition. This building is currently cash flowing with pre-determined rent increases coming soon. Existing Cap Rate is 13 and Pro Forma Cap Rate of 18. Building can be purchased as a package deal with 301 E. 75th St if desired.
Full Property Details
Full Property Details for 314 E 75th St
General
- Sold For: $400,000
- Taxes: $16,423 (2021)
- Status: Closed
- Type: Store
- Source: MRED
- MLS ID: 11763145
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Total Spaces: 5
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: 75th St East or West to address.
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual, Window Unit(s)
- Heating Type: Central Building Heat
Utilities
- Onsite: Electricity to Site, Gas to Site, Water to Site
Structural Information
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 8,700
- # of Stores: 3
- Year Built: 1924
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,500
- Lot Dimensions: 4500
- Frontage: City Street
Financial Considerations
- Operating Expenses: $36,895
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1924
- Tax Amount: $16,423
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Varies by Tenant
Disclosures and Reports
- Property ID: 20271220310000
Listed by eXp Realty, LLC
Sold by EXIT Strategy Realty
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Schools
Schools serving 314 E 75th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Deneen Elementary School 7240 South Wabash Avenue, Chicago, IL 60619 | 7-8 | 0.4 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
314 E 75th Street, Chicago, IL 60619 (MLS# 11763145) is a Store property that was sold at $400,000 on August 10, 2023. Want to learn more about 314 E 75th Street? Do you have questions about finding other Store real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

