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    11000 S Michigan Avenue

    Chicago, IL 60628
    • $1,800,000
    • STATUS: Active
    • ON SITE: 3 days
    • MLS #: 11046017
    New On Site 3 Days Ago
    UPDATED: 50 min ago
    $1,800,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Rarely available fully occupied and professionally managed mixed use asset in the heart of planned Medical District of Roseland. Uniquely configured with 49 modern apartments, 10 professional offices and 7 retail street level stores. All apartments and 7 retail spaces have individual F/A furnaces. Located near schools, library, Roseland Hospital and on major CTA routes, it serves the community well. Running at near 100% occupancy. Gives a new investor stable revenue with upside potential. Located in Opportunity Zone. Near Pullman Revitalization development, US Bank Community Center and Retail Anchored by Walmart. Serious investor previews only. Must show 25% liquidity to schedule walkthrough.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group. Based on information submitted to the MRED as of 2021-04-11T20:52:19.337 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    11000 S Michigan Avenue Chicago, IL 60628

    • Price: $1,800,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 11046017
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    1927
    Built
    Neighborhood:
    Chi - Roseland
    County:
    Cook
    Area:
    Chi - Roseland
    Property Description
    Rarely available fully occupied and professionally managed mixed use asset in the heart of planned Medical District of Roseland. Uniquely configured with 49 modern apartments, 10 professional offices and 7 retail street level stores. All apartments and 7 retail spaces have individual F/A furnaces. Located near schools, library, Roseland Hospital and on major CTA routes, it serves the community well. Running at near 100% occupancy. Gives a new investor stable revenue with upside potential. Located in Opportunity Zone. Near Pullman Revitalization development, US Bank Community Center and Retail Anchored by Walmart. Serious investor previews only. Must show 25% liquidity to schedule walkthrough.
    Exterior Features

    Foundation Details Concrete Perimeter Frontage Type City StreetOn AirstripPublic RoadSignal Intersection Location CornerPublic Transport Avail Parking Total 0 Roof Rubber Roof Structure Flat

    Interior Features

    Cooling Window Unit(S) Electric Circuit Breakers Fire Protection Fire Extinguisher/SSmoke Or Fire Protectors Heat Ventilation Forced Air Number Of Apts 49 Number Of Offices 10 Number Of Stores 7

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Current Use Commercial Electric Expense 6803 Expense Year 2020 Exterior Building Type Brick Fuel Expense 11875 Geographic Locale Chicago South Gross Income 432300 Gross Scheduled Income 432300 Insurance Expense 10401 Lot Size Dimensions 200 X 90 Net Operating Income Year 2020 Number Of Tenants 66 Operating Expense 178346 Other Expense 11029 Owners Assoc YN No Possible Use Multi-Family Tax Annual Amount 66134 Tax Year 2019 Tenant Pays Electricity Total Monthly Income 36037 Trash Expense 4687 Water Sewer Expense 31500

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Preferred Rlty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group. Based on information submitted to the MRED as of 2021-04-11T20:52:19.337 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    The Perotti Group
    19 W 1st Street, Suite 2
    Hinsdale IL, 60521