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2963 S Archer Avenue Chicago, IL 60608 Commercial - Retail New

New - 27 Hours Ago
  • 2963 S Archer Avenue , Chicago, IL 60608 Main Photo

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Description

Welcome to your new investment! This building is a long time money maker in the booming area of Bridgeport. This mixed use property has 2 apartments and a large commercial office space that can be used for almost anything. Thats 3 units that can produce income for under $500k So much potential here with several updates already in hand, NEW Roof, NEW electrical, NEW flood control system, etc. You will have a large storefront/Offices/apartment on the main level, an active producing AIRBNB 2 bedroom unit in the garden level and a 2 bedroom apartment upstairs all in one! Located in a High traffic area. Good income producing mixed use property in Bridgeport. Owner has taken good care of the building. The open space on the ground level can be used as office space, Real Estate office, medical office, dental, pop up business, etc. Features a nice size conference room, private office, full kitchen & full bathroom. The 2nd floor is apartment features 2 bedrooms & 1 bathroom. The garden unit is an AIRBNB featuring 2 bedrooms / 1 full bathroom, large kitchen and living room. Great income and room to grow. There are 3 parking spots in the rear. Great location. Great building. Well maintained. Located near the highway & public transportation. New construction in the works all around. 5 minutes away from Pilsen! Instant equity!

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1883

General Information

County: Cook
Listed By:
606 Brokers LLC 773-417-7944
MRED MLS
$490,000
Est. $3,082/mo
New to the Market New
SQUARE FEET2,640 MLS#12582595
STATUSNew PROPERTY TYPECommercial - Retail

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2963 S Archer Avenue , Chicago, IL 60608.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $490,000$490,000$490,000
Down Payment $98,000$17,150$122,500
Monthly Mortgage Amount $2,257$2,808$2,930
Taxes $682$682$682
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$215$0
Monthly Estimated Total $3,082$3,848$3,755

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