Closed

3560 E 118th Street

Chicago, Illinois 60617


Steven Greenberg
312.330.1231

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$520,000


Square Footage
3,400


Property Type
Office / Tech
Neighborhood
Hegewisch


An amazing investment opportunity with a High CAP RATE! This one Story single unit commercial building is in excellent condition and was recently up-dated. The existing long term tenants: "Advocate Health Group" has just renewed a five year lease (signed 05/15/2016) and are looking to stay long term. Perfect for a first-time investors looking for a safe place to increase their capital or a smart 1031 Exchange tax haven. Owner pays minimal CAM/Taxes. This property is a separate out-parcel lot 28,957 SF located in the heart of Chicago's East-side Commercial District within "East Lake Plaza" 22 minutes from the entrance to i90 Indiana Toll Rd. East Lake Mall is Anchored by: Pete's Fresh Market, TJ Maxx, Planet Fitness, Walgreens, Wendy's, Family Dollar, Dollar Tree, Subway... High Traffic location with plenty of parking on site!!!!



Full Features
Built: 1985
Parking Spaces: 36
Cooling System: Central Air
Stories: 1
Roof: Membrane
Current Use: Office and Research
Potential Use: Commercial, Office and Research
Zoning: COMMR
# of Drive-In Doors: 2
Rentable Square Feet: 3,400
Building Square Feet: 3,400
Current Net Income: $52,755
School District(s): No Data Available


Taxes & Assessments
Taxes: $11,744


Listing Office: Ryan Hill Realty, LLC

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Hegewisch

Hegewisch is part of the Chicago South Side. Situated just south of Chicago's Loop, Chicago South has experienced rapid development in recent years, particularly in the South Loop neighborhood. Chicago South offers a wide range of housing styles, including new…

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Nearby Public Transportation

Metra
South Shore

at Hegewisch (2.44 miles away)







3560 E 118th Street Chicago, Illinois 60617 is a office / tech property, which sold for $520,000. Want to learn more about 3560 E 118th Street Chicago, Illinois 60617? Contact an @properties agent to request more info.


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