$1,600,000

11000 S Michigan Avenue, Chicago, IL 60628

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

Opportunity Zone Investment Alert! Here's an excellent investment opportunity: deploy your capital into a unique property that spans residential, retail, and office spaces-all within a federally designated Opportunity Zone. The offering includes 66 units in total: 49 apartments, 10 office suites, 7 street level retail storefronts. All apartments and retail units have individual heating systems, while the office spaces are centrally heated by the owner-reducing operational costs for the next investor. Historically, this building has maintained around 90 percent occupancy, providing confidence as new owners renovate units and increase rents. In summary, this is a high-yield, tax-advantaged, mixed-use real estate play-testament to the power of investing within an Opportunity Zone. 100% vacant. Some units are in need for cosmetic rehabbing. Other Recent and Upcoming Projects in West Pullman. 1. Habitat for Humanity Townhomes (955 W. 115th St.) 2. $40M LightIndustrial Facility (1135-1325 W 119th St.) Pullman Crossings Industrial Park. * A 50-acre industrial campus by Ryan Companies, currently in its final phase. Ongoing Infrastructure & Community Enhancements. * Red Line Extension (CTA).

Listing Status:
Active
Listing Office:
Blue Door Dave Inc : 773-220-4669
Listing Agent:
Amanda Stapleton : 773-220-4669
MLS ID:
12412715
  • A/C: Window Unit(s)

This listing courtesy of Amanda Stapleton, Blue Door Dave Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lavizzo Elementary School

138 W 109th St, Chicago, IL, 60628

Grades PK-8

0.34 miles away

B

Brooks College Preparatory Academy High School

250 E 111th St, Chicago, IL, 60628

Grades 7-12

0.28 miles away

B

Brooks College Preparatory Academy High School

250 E 111th St, Chicago, IL, 60628

Grades 7-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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