2963 S Archer Avenue Chicago, IL ^$ 606,000

2963 S Archer Avenue

^$ 606,000

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New Construction

2963 S Archer Avenue

Chicago, IL, 60608

^$ 606,000

Studio Baths0.0 Sq 2,640

Monthly Estimate*

^$ 4,233

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Studio

Commercial Property for sale in Chicago, IL

for $606,000. This 2,640 square foot building was built in 1883 on a lot size of 0.062213.

Great property with cash flow! Located in a High traffic area. Good income producing mixed use property in Bridgeport. Owner has taken good care of the building. You can do a lot here! 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 a legal 2 bedroom/1 bathroom apartment, rented by long term tenant. The garden unit is a legal AIR BNB apartment that is a consistent money maker. Great income and room to grow. There are 3 parking spots in the rear. Great location. Motivated seller! Located near the highway & public transportation. New construction in the works all around.

Commercial Active

Price

^$ 606,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,630

Style

Commercial,Legal Non Conforming

Lot Size

0.062213

Year Built

1883

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12001186

Features

General

Cooling Window Unit(s)

Possession Negotiable

Zoning COMMR

Year Built 1883

Electric Circuit Breakers Service - 0 to 100 Amps

Stories 2

Township South Chicago

Property SubType Mixed Use

Tax Year 2021

Current Use Commercial Legal Non Conforming

Gross Income 4350

County Cook

Insurance Expense 245

Property Type Commercial Sale Mixed Use

Possible Use Commercial Multi-Family Retail

Status Active

Directions north/south on Ashland to Archer north to property.

City Chicago

Total Units 3

MLS Area CHI - Bridgeport

Lot Size Square Feet 2710

Street Name Archer

Tax Annual Amount 5630.57

Electric Expense 135

Fuel Expense 300

Trash Expense 75

Water Sewer Expense 75

Additional Parcels Y/N N

Days on Market 9

Lease Type Net

Standard Status Active

Exterior

Foundation Details Other

Building Area Total 2640

Lot Dimensions 25 X 110

Frontage Type City Street

Exterior Aluminum Siding

Interior

Street Suffix Avenue

* Excluded Features

List By

606 Brokers Llc

Broker

antonio@606brokers.com

Affordability Calculator

$4,702

Per Month

Monthly Principal & Interest: $4,233
Monthly Property Taxes: $469
Monthly Home Insurance: --

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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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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$833,097

Percent of Sale Price 37%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$606,000		Listed Price

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2963 S Archer Avenue, Chicago, IL, 60608 is a Commercial Property for sale at $606,000 with 2,640 sqft and a lot size of 0.062213. 2963 S Archer Avenue is a studio with 0.0 baths and was built in 1883. The property's zip code is 60608 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/29/2024.

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2963 S Archer Avenue

Commercial Property for sale in Chicago, IL

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