@properties
Listed by @properties, @properties Rental Division
$799,000
700 N Kedzie Avenue
Details
APN 16112070210000
Property Type Mixed Use
Sub Type Mixed Use
Units 9
Cap Rate 5.60%
NOI $45,458
Year Built 1890
Stories 3
Lot Size (SqFt) 7,564
Parking Spaces 10 spaces
Mixed Use | 5.60% CAP
Marketing description
WILL BE SHOWING UNITS ON 2/21/26 FROM 1-3!!! Great Opportunity to own this highly coveted Mixed Use building on the northwest corner of Kedzie and Huron. There are two side by side buildings involved in the sale, 700 North Kedzie and 3204 West Huron. The assets been in the same family for over 50 years and have been very well maintained and cared for. There are a total of 9 units, 7 Residential and 2 commercial spaces. 6 of the residential units have been recently rehabbed and currently rented with long term tenants. All units have under market rents. 1 Residential Unit has not been rehabbed. Both Commercial Spaces are vacant. This is a great value add opportunity as the vacant units can be rehabbed and rents increased X 2 plus commercial.
Investment highlights
- Current Net Income: $42,760
- Unit 1: 5 Room(S) / 2 Bed(S) / 1 Bath(S)
- Unit 2: 6 Room(S) / 3 Bed(S) / 1 Bath(S)
- Unit 3: 4 Room(S) / 1 Bed(S) / 1 Bath(S)
- Unit 4: 1 Room(S) / 0 Bed(S) / 0 Bath(S)
- Tax Amount: $4,765
- Tax Year: 2020
Listing Contacts
@properties
Listed by @properties, @properties Rental Division
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,458.00
$3,788.17/mo
Valuation Metrics
0
DSCR
5.69%
Cap Rate
5.69%
ROI
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