2500 South Sawyer Avenue $450,000

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    2500 South Sawyer Avenue Chicago-South Lawndale, IL 60623

    • Commercial
    MLS# 10113886 | Active

    $450,000

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    Days On Market: 127 50 Views
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    Property Details

    Mixed use building with 2 retail spaces, 2 apartments, and a 3,000 SF space that can be utilized as retail, office, or storage. Good cash flow when in its current configuration and great cash flow when the vacant space is leased. Building is in nice condition and has been substantially remodeled over the last several years with no immediate work needed except for the vacant unit. Building has coin op washer and dryer as well. Showings are somewhat complicated so it is best to view from the exterior until the property is under contract at which time a full tour can be scheduled. Much rehab is being done or has already been done in the neighborhood so there is an opportunity for great appreciation in value to the smart investor who has the funds to close in a fairly quick time frame. The income figures shown include the vacant 3000 SF unit at $10.00 psf on a Modified Gross basis with the owner paying the RE taxes and a tenant paying all utilities.

    • General Features
      • Age Older
      • Information Show-Special Instructions,48-Hr Notice Required,No Sign on Property,Court Approval Required
      • Potential Use Commercial
      • Building SqFt. 8014
      • Zoning COMMR
      • Location Mixed Use Area
      • Taxes 7621
      • Gross Rental Income 85020
      • County Cook
    • Building Features
      • Roofing Membrane
      • Construction Brick
      • Building Exterior Brick
      • Heating Forced Air, Gas
      • Air Conditioning Central Air
      • Docks for Delivery None
    • Property Features
      • Foundation Concrete
      • Utilities Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal, Water to Site
      • Electrical Service Circuit Breakers

    Contact

    Gary Jacklin REMAX Action Team

    Managing Broker/Owner

    RE/MAX Action

    Direct: 630-968-2059

    Neighborhood

    60623 (Chicago-South Lawndale) Demographics

    29Median Age
    16,410Population Density (per sq. mile)
    13%College Educated
    $30,048Estimated Median Income
    8,484Estimated Total Home Owners
    16,474Estimated Total Renters
    34% / 66%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    88,137Total Population

    Market Last 30 Days

    $56,500 Median Sales Price
    4 Homes Sold
    11 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $450,000
        10/22/2018 12:07:49 AM Status Changed Source New Value: Active
        10/16/2018 7:09:00 PM New in Database Source

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