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

Monthly Estimate*

$ 8,734

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Commercial Property for sale in Chicago, IL

for $1,400,000. This 11,900 square foot building 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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Commercial Active

Price

$ 1,400,000

Property Type

Commercial

Taxes

$ 41,132

Style

Commercial,Office

Lot Size

0.226699

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12169654

Features
General
Cooling Central Air
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick Block
Year Built 1927
Electric Service - 201 to 600 Amps
Tenant Pays Electricity Heat
Stories Count 2
Tax Year 2023
Current Use Commercial Office Other
Gross Income 249235
County Cook
Net Operating Income 39301
Operating Expense 15738
Property Type Commercial Sale Industrial
Possible Use Commercial Industrial Office Retail Other
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 41132.8
Additional Parcels Y/N N
Leasable Area 11900
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

Affordability Calculator

$12,162
Per Month
72%
28%
0%
Monthly Principal & Interest
$8,734
Monthly Property Taxes
$3,428
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
1/15/2025$1,400,000 Listed Price

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2945 W Harrison Street, Chicago, IL, 60612 is a Commercial Property for sale 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