6835 W Higgins Avenue Chicago, IL $ 525,000
6835 W Higgins Avenue
$ 525,000
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6835 W Higgins Avenue

Chicago, IL, 60656
$ 525,000
Baths0.0 Sq 5,746

Monthly Estimate*

$ 3,667

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Studio

Commercial Property for sale in Chicago, IL

for $525,000. This 5,746 square foot building was built in 1958 on a lot size of 0.111295.

This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you'll add over $200k to the value of the building. If that's not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there's the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O'Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.

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Commercial Active

Price

$ 525,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,928

Style

Commercial

Lot Size

0.111295

Year Built

1958

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11077752

Features
General
Cooling Central Air
Roof Composition Membrane
Zoning COMMR
Construction Materials Brick
Year Built 1958
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Varies by Tenant
Stories 3
Property SubType Office
Tax Year 2020
Current Use Commercial
Gross Income 67500
County Cook
Net Operating Income 37827
Operating Expense 29673
Property Type Commercial Sale Office/Tech
Possible Use Commercial Office and Research Multi-Family Retail Other Elderly Housing
Status Active
Directions East of Harlem Avenue on Higgins Avenue. Located on South side of street.
City Chicago
MLS Area CHI - Norwood Park
Lot Size Square Feet 4848
Street Name Higgins
Tax Annual Amount 15928
Additional Parcels Y/N Y
Leasable Area 5746
Virtual Tour https://youtu.be/vu92Ix4P0d4
Days on Market 784
Standard Status Active
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Interior
Flooring Carpet Tile
Street Suffix Avenue
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 5746
Lot Dimensions 50X77X73X95
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Keller Williams Success Realty

Broker

tyler@lewkepartners.com

Email

Affordability Calculator

$4,995
Per Month
73%
27%
0%
Monthly Principal & Interest
$3,667
Monthly Property Taxes
$1,327
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
9/6/2022$525,000 -6.77% Price Down
11/8/2021$563,108 -15.83% Price Down
5/6/2021$669,000 Listed Price

Map


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6835 W Higgins Avenue, Chicago, IL, 60656 is a Commercial Property for sale at $525,000 with 5,746 sqft and a lot size of 0.111295. 6835 W Higgins Avenue is a studio with 0.0 baths and was built in 1958. The property's zip code is 60656 which is in Chicago, IL