2945 W Harrison Street Chicago, IL $ 1,400,000
2945 W Harrison Street
$ 1,400,000
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2945 W Harrison Street

Chicago, IL, 60612
$ 1,400,000
Bedrooms-- Baths-- Sq 11,900
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Property for Rent in Chicago, IL

for $1,400,000. This 11,900 square foot property was built in 1927 on a lot size of 0.226699.

Commercial Mixed-Use Investment Property with Multiple Income Stream Potential Don't miss this rare opportunity to acquire a fully renovated commercial mixed-use space, with active rental income, and additional leasable space currently available. The property has undergone extensive interior and exterior updates in the last 5 years, and stands alone its' class on the market. Key Features: Fully Rehabbed Warehouse: Updated and ready for business, ensuring minimal maintenance costs. Existing Tenant: One lessee currently occupying 1 of 3 rentable spaces, providing immediate rental income. Additional Leasable Space: With extra square footage still available for lease, you have ample opportunity to cash flow by securing additional tenants. This property is a unique investment for businesses and investors alike to capitalize on multiple income streams in a prime location. Whether you're an experienced investor or looking for your first commercial property, this is an excellent chance to secure a profitable asset.

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Rental Active

Price

$ 1,400,000

Taxes

$ 41,132

Style

Commercial

Lot Size

0.226699

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12169611

Features
General
Cooling Central Air Central Individual
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick Concrete
Year Built 1927
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat
Stories Count 2
Tax Year 2023
Current Use Commercial
Gross Income 249235
County Cook
Net Operating Income 39301
Operating Expense 15738
Property Type Commercial Sale Office/Tech
Possible Use Commercial Industrial Office
Status Active
Directions South of I-290 East Sacramento Blvd North Flournoy St West Francisco Ave
City Chicago
Number Of Units Total 3
MLS Area CHI - East Garfield Park
Lot Size Square Feet 9875
Tax Annual Amount 41132
Additional Parcels Y/N N
Leasable Area 9324
Lease Type Net
Standard Status Active
Total Actual Rent 4950
Cap Rate 7.1
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Interior
Flooring Concrete Tile
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 11900
Lot Dimensions 9875
Frontage Type City Street
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* Excluded Features
List By
The Apartment Source

Broker

khaled@apartmentsourcechicago.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2025$1,400,000 Listed Price

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2945 W Harrison Street, Chicago, IL, 60612 is a Property for Rent at $1,400,000 with 11,900 sqft and a lot size of 0.226699. 2945 W Harrison Street was built in 1927. The property's zip code is 60612 which is in Chicago, IL