5213 - 5215 S Archer Avenue, Chicago, IL 60632 - Photo 1

1/1

$1,175,000

Sold
Closed
Commercial
7,200 Sq. Ft.

1/1

Property Description

Amazing location and incredible visibility right on ARCHER AVE in an excellent business corridor. An opportunity doesn't come by like this too often for an owner or investor. 12-UNIT BUILDING - Zoned B-3: General Commercial/ 2 storefronts on the first floor and (10 apartment units) residential on the second/third floor. In addition to commercial uses, a range of personal service establishments and business service uses, office uses, Retail establishments, General office or Government Offices, Business Services, Personal Service establishments, and more available uses are possible. The building features newer windows (less than 5 years old), a newer roof, and newer doors. THINK OUTSIDE OF THE BOX--ENDLESS OPPORTUNITIES! COME AND SEE! This is your chance! This mixed-use building is ready for a savvy investor to turn it into a real money maker! Please do not disturb tenants.

Full Property Details

Full Property Details for 5213 - 5215 S Archer Ave

General

Sold For: $1,175,000
Taxes: $14,263 (2022)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12018172
Added to Site: 656 day(s) ago

Additional Information

Security/Safety: Fire Extinguisher(s)

Location

Area: CHI - Archer Heights
County: Cook
Driving Directions: Northeast or southwest on Archer to address.
Location Details: Chicago Southwest, Mixed-Use Area, High Traffic Area

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Electric

Utilities

Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Concrete Perimeter
Stories/Levels: 3
Square Feet: 7,200
Current Bldg. Use: Commercial
Year Built: 1972
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 10
Units w/Range/Oven: 10
# Dryers: 2

Lot Features

Lot Size (Sq. Ft.): 6,250
Lot Dimensions: 50 x 125
Frontage: City Street
Potential Use: Office and Research, Multi-Family, Retail
Zoning: COMMR

Financial Considerations

Operating Expenses: $24,563
Security Deposit: Fire Extinguisher/s
Assessment Year: 1972
Tax Amount: $14,263
Tax Year: 2022
Tenant Pays: Electricity, Varies by Tenant

Disclosures and Reports

Property ID: 19103080030000

Listed by Re/Max 10
Sold by Chicagoland Brokers, Inc

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Schools

Schools serving 5213 - 5215 S Archer Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Edwards Elementary School 4815 South Karlov Avenue, Chicago, IL 60632	PK-8	0.6 mi
Curie Metropolitan High School 4959 South Archer Avenue, Chicago, IL 60632	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5213 - 5215 S Archer Ave

Date

Details

Price

Change

Source

5/17/2024

Sold

$1,175,000

-9.27%

MLS

4/01/2024

Listed

$1,295,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5213 - 5215 S Archer Avenue, Chicago, IL 60632 (MLS# 12018172) is a Commercial property that was sold at $1,175,000 on May 17, 2024. Want to learn more about 5213 - 5215 S Archer Avenue? Do you have questions about finding other Commercial real estate for sale in Archer Heights? You can browse all Archer Heights real estate or contact a Coldwell Banker agent to request more information.

5213 - 5215 S Archer Ave Chicago, IL 60632