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7929 Ogden Avenue, Lyons, IL 60534
$395,000
7929 Ogden Avenue, Lyons, IL 60534View this property at 7929 Ogden Avenue, Lyons, IL 60534
7929 Ogden AvenueLyonsIL60534
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Property Description
This multi-unit dwelling is very well-maintained and it makes money! It is centrally located to restaurants, the river walk, transportation and so much more! This is a solid, corner, two-story, brick building featuring two commercial storefronts and two apartments along with nine outdoor parking spaces and three garage parking spaces! And a yard! The main, commercial storefront on Ogden Avenue features an established computer and smartphone repair shop with raving on-line reviews; this commercial storefront features about 1,000 square feet along with a half bathroom and additional basement storage; this business pays $1,500 per month - like clockwork. There is a second commercial storefront along the exterior parking line and it is vacant; the business possibilities are endless; you can use it for your business or you can rent it to a myriad number of business (i.e., hair salon, nail salon, balloon business or an office); one can also easily collect $750 per month in this vacant space. The second floor consists of two apartments. The studio apartment is cozy and quaint; the tenant has lived in that space for decades and he pays $750 per month. The large, three-bedroom, one bathroom unit is huge and the tenants pay $1,400 per month, and the tenants are perfect! Additionally, the three garage spots are also rented collectively for $300 per month. A lot of commercial properties do not make money. This one does! Show and sell! A true 10. IMPORTANT NOTE: The Seller has an assumable mortgage on this property. The Seller owes $172,000 on this property. The interest rate is fixed at 4%. This means that, for example, if the Buyer purchases this building at $425,000 and if the Buyer puts down the difference between $425,000 and $172,000, or puts a down payment of $253,000 ($425,000 minus $172,000), then the Buyer can take over the payments and the interest rate at 4%, which is a huge plus. The benefits include: a) a dirt cheap fixed rate at 4%, b) avoiding today's interest rates, c) paying down principle quickly because the Seller has been in the loan since 2018 and d) avoiding commercial loan fees and avoiding continually refinancing the loan with a commercial bank! This is a huge plus!
Full Property Details
Full Property Details for 7929 Ogden Ave
General
- Sold For: $395,000
- Taxes: $7,355 (2021)
- Status: Closed
- Type: Store
- MLS ID: 11848977
- Added to Site: 296 day(s) ago
Additional Information
- Security/Safety: Other
Parking
- Total Spaces: 12
- Parking Features: 6 to 12 Spaces
Location
- Area: Lyons
- County: Cook
- Driving Directions: At the corner of Ogden Avenue and Prescott Avenue, which is about a mile west of Harlem Avenue
- Location Details: East/West Corridor
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 3,335
- # of Stores: 2
- Year Built: 1924
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,404
- Lot Dimensions: 30 x 142
- Zoning: MULTI
Financial Considerations
- Lease Price: $16
- Security Deposit: Other
- Assessment Year: 1924
- Tax Amount: $7,355.3
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity
Disclosures and Reports
- Property ID: 18011020090000
Listed by Peter Drossos Real Estate
Sold by In Business Real Estate
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Schools
Schools serving 7929 Ogden Ave
School Districts:Lyons School District 103, J S Morton High School District 201
Rating | Name | Grades | Distance |
---|---|---|---|
4632 Clyde Ave, Lyons, IL 60534 | PK-5 | 1 mi | |
8101 Ogden Ave, Lyons, IL 60534 | 6-8 | 0.2 mi | |
2400 Home Ave, Berwyn, IL 60402 | 9-12 | 2.1 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 7929 Ogden Ave
Date
Details
Price
Change
Source
10/06/2023
Sold
$395,000
-7.06%
MLS
8/02/2023
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7929 Ogden Avenue, Lyons, IL 60534 (MLS# 11848977) is a Store property that was sold at $395,000 on October 06, 2023. Want to learn more about 7929 Ogden Avenue? Do you have questions about finding other Store real estate for sale in Lyons? You can browse all Lyons real estate or contact a Coldwell Banker agent to request more information.