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8547 - 8551 S Stony Island Avenue, Chicago, IL 60617
$350,000
8547 - 8551 S Stony Island Avenue, Chicago, IL 60617View this property at 8547 - 8551 S Stony Island Avenue, Chicago, IL 60617
8547 - 8551 S Stony Island AvenueChicagoIL60617
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Property Description
16.7% CAP RATE!!!! FOR SALE - S. CHICAGO - EXCELLENT INCOME PRODUCING INVESTMENT PROPERTY - FULLY LEASED MIXED USE BUILDING - 5,555 SF office on the first floor and two - 2 bedroom/1 bath apartments upstairs! Convenient location with over 32,000 vehicles per day at your doorstep! A new 5 year lease on the office space, and quality tenants upstairs in the two apartments. Clean and well maintained building! Listed at a 16.7 cap rate. Call today to schedule a viewing! Financials available for qualified buyers upon request.
Full Property Details
Full Property Details for 8547 - 8551 S Stony Island Ave
General
- Sold For: $350,000
- Taxes: $4,392 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11746771
- Added to Site: 415 day(s) ago
Interior
- Interior Features: Private Restroom(s), Storage Inside
Additional Information
- Security/Safety: Alarm Monitored
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Avalon Park
- County: Cook
- Driving Directions: I-57 N to S Stony Island Ave.
- Location Details: Chicago South, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane
- Stories/Levels: 2
- Square Feet: 7,650
- Current Bldg. Use: Commercial, Office
- # of Stores: 2
- Year Built: 1952
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 7,000
- Lot Dimensions: .07 AC
- Frontage: City Street
- Potential Use: Commercial, Office and Research
- Zoning: COMMR
Financial Considerations
- Operating Expenses: $26,472
- Security Deposit: Alarm Monitored
- Assessment Year: 1952
- Tax Amount: $4,392
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Sewer, Varies by Tenant
Disclosures and Reports
- Property ID: 20363180050000
Listed by McColly Bennett Real Estate
Sold by Non Member
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Schools
Schools serving 8547 - 8551 S Stony Island Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
8546 S Cregier Ave, Chicago, IL 60617 | PK-8 | 0.2 mi | |
2100 E 87th St, Chicago, IL 60617 | 9-12 | 0.6 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 8547 - 8551 S Stony Island Ave
Date
Details
Price
Change
Source
2/27/2024
Sold
$350,000
-12.48%
MLS
6/23/2023
Price Reduced
$399,900
-20%
MLS
5/17/2023
Price Reduced
$499,900
-4.78%
MLS
3/28/2023
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8547 - 8551 S Stony Island Avenue, Chicago, IL 60617 (MLS# 11746771) is a Commercial property that was sold at $350,000 on February 27, 2024. Want to learn more about 8547 - 8551 S Stony Island Avenue? Do you have questions about finding other Commercial real estate for sale in Avalon Park? You can browse all Avalon Park real estate or contact a Coldwell Banker agent to request more information.