7259 W Irving Park Road, Chicago, IL 60634

3,000 sqft

Commercial Property
Built in ——
10,454sqft lot
—— car garage
$167/sqft
Listed 5 months ago

Property Description

Business is NOT included in the offering. Current tenant has a lease through December 31, 2030 with a FIVE year option. Strictly property investment only unless purchaser can negotiate with the tenant to end lease. Seller will NOT entertain any offers subject to possession nor negotiating with tenant. PLEASE DO NOT DISTURB TENANT AT ALL. Any personal/business property is not included with the sale. Current rent is $5600 with gradual increases to $5800 in 2030. and increases during option period. Currently $67,200 gross rent less taxes and insurance approximately $48,000. net income or 9.6% return cash on cash. Owner claims tenant is solid and has not been delinquent on rent payments. Future development right across the street from Harlem/Iring shopping plaza. Again - PLEASE DO NOT DISTURB TENANT. Drive by showing only at this time. Survey in additional info. Any questions regarding this listing please contact Norbert Mika - Text or email preferred.

Listing Status:: Active
Listing Office:: Compass : 773-406-1792
Listing Agent:: Matthew Mika : 773-406-1792
MLS ID:: 12292141

A/C: Exhaust FanWindow Unit(s)

This listing courtesy of Matthew Mika, Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bridge Elementary School

3800 N New England Ave, Chicago, IL, 60634

Grades PK-8

0.57 miles away

Bridge Elementary School

3800 N New England Ave, Chicago, IL, 60634

Grades PK-8

0.57 miles away

Steinmetz College Prep High School

3030 N Mobile Ave, Chicago, IL, 60634

Grades 9-12

1.74 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.