8812 S Commercial Avenue Chicago, IL $ 200,000
8812 S Commercial Avenue
$ 200,000
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8812 S Commercial Avenue

Chicago, IL, 60617
$ 200,000
Baths0.0 Sq 4,000

Monthly Estimate*

$ 1,198

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Studio

Commercial Property for sale in Chicago, IL

for $200,000. This 4,000 square foot building was built in 1893 on a lot size of 0.080349.

This building consists of 5 office suites, a reception/waiting area, a kitchenette/pantry, 2 bathrooms, and janitor closet with sink, and a 2nd floor two bed apartment. The first floor commercial area consist of separate offices ready to lease out. The exterior of the building and commercial area is well qualified for the city's Neighborhood Opportunity Fund. This allows for substantial grant to improve the commercial/exterior of the property. The commercial space was most recently used as a NFP community center and second hand store. The full basement is well lit with about 6 foot ceilings. The second floor has a two bedroom split floor plan with eat in kitchen and spacious living room. Recent building updates include back (Western elevation) tuckpointing 2023, northern elevation tuckpointing 2021, 2022 HVAC on second level, 2021 HVAC on 1st level, updated electrical in last 3 years. Commercial Avenue Business Cooridor recent updates include outdoor vendor stalls, art stacks, raised bike lane, and permanent ground art. Proposed Commercial Avenue neighborhood reinvestments include a continuation of raised bike lanes, art stacks up to 8500 S. Commercial and a neighborhood revitalization at 8600 S. Commercial and 8900 S Commercial.

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Commercial Active

Price

$ 200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.080349

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12160268

Features
General
Cooling Central Air Window Unit(s)
Roof Membrane
Year Built 1893
Electric Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat
Stories 2
Property SubType Mixed Use
Tax Year 2023
Gross Income 1800
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions 95th to Commercial Avenue north
City Chicago
NumberOfUnitsTotal 2
MLS Area CHI - South Chicago
Lot Size Square Feet 3500
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://tour.vht.com/434414739/IDXS
Days on Market 1
Standard Status Active
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Interior
Flooring Vinyl
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Exterior
Foundation Details Brick/Mortar
Building Area Total 4000
Lot Dimensions 25X140
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

duckduckguz@gmail.com;guzman@atproperties.com

Email

Affordability Calculator

$1,198
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,198
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2024$200,000 Listed Price

Map


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8812 S Commercial Avenue, Chicago, IL, 60617 is a Commercial Property for sale at $200,000 with 4,000 sqft and a lot size of 0.080349. 8812 S Commercial Avenue is a studio with 0.0 baths and was built in 1893. The property's zip code is 60617 which is in Chicago, IL