3201 E 92nd Street Chicago, IL $ 275,000
3201 E 92nd Street
$ 275,000
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3201 E 92nd Street

Chicago, IL, 60617
$ 275,000
Baths0.0 Sq 3,050

Monthly Estimate*

$ 1,921

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Studio

Commercial Property for sale in Chicago, IL

for $275,000. This 3,050 square foot building was built in 1887 on a lot size of 0.079017.

This mixed use corner lot property explodes with numerous opportunities to generate income! Become the next to own a long standing restaurant/bar that has been the backbone to the South Chicago neighborhood. Rent the 2nd floor apartments for passive income or live in a unit for easy on-site management. Location, location, location...this property is conveniently situated just steps from the Metra Train Station and within close proximity to Lake Shore Drive corridor providing swift access to downtown Chicago. Owners are selling the property lock, stock, and barrel. Furniture, fixtures, inventory and equipment are all included. Pick-up deliveries and plenty of regular customers makes for a turnkey investment. TouchTunes and slot machine setup provides additional income. Boiler, (roughly 6 years old) for 2nd floor heat only. Main floor offers central air and heat. Newer hot water heater. Full basement that is used for storage. 40ft shipping container used for storage. Equipped with exterior and interior security cameras. Restaurant/bar seats 55 customers. Receive high profit margins, increase networking opportunities to meet people for both business and pleasure, and be your own boss with this established restaurant/bar today! Being sold "AS-IS". Call/text to schedule your private showing.

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Commercial Contingent

Price

$ 275,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,085

Style

Lot Size

0.079017

Year Built

1887

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11996029

Features
General
Cooling Central Air
Roof Tar and Gravel
Zoning OTHER
Construction Materials Brick
Year Built 1887
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Other
Stories 2
Township Hyde Park
Property SubType Apts/Stores
Tax Year 2022
Gross Income 7920
County Cook
Net Operating Income 156000
Operating Expense 96000
Insurance Expense 6000
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Multi-Family
Status Contingent
Directions Commercial Avenue to 92nd St and East to property.
City Chicago
Total Units 6
MLS Area CHI - South Chicago
Lot Size Square Feet 3442
Street Name 92nd
Tax Annual Amount 2085.57
Electric Expense 600
Fuel Expense 750
Trash Expense 0
Water Sewer Expense 400
Additional Parcels Y/N N
Days on Market 44
Lease Type N/A
Standard Status Active Under Contract
Total Actual Rent 330
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Interior
Flooring Tile Vinyl Other
Street Suffix Street
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Exterior
Foundation Details Brick/Mortar Concrete Perimeter
Building Area Total 3050
Lot Dimensions 25X125
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Bloom/Sanchez Realty, Inc.

Broker

daniel.bloomsanchez@gmail.com

Email

Affordability Calculator

$2,095
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,921
Monthly Property Taxes
$174
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/10/2024$275,000 Listed Price

Map


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3201 E 92nd Street, Chicago, IL, 60617 is a Commercial Property for sale at $275,000 with 3,050 sqft and a lot size of 0.079017. 3201 E 92nd Street is a studio with 0.0 baths and was built in 1887. The property's zip code is 60617 which is in Chicago, IL