1455 W 103rd St, Chicago, IL 60643

Amazing mixed-use, value-add 12-unit building in Chicago's incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on busy 103rd Street, this property offers retail owners a significant amount of vehicle and foot traffic to drive business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort. The property sits on a giant lot with a massive garage to the South of the main building. This area offers numerous opportunities for the new buyer, potentially including the addition of more units, storage, or covered/enclosed garage space to generate additional revenue. Rents are currently under market with plenty of room for increases with efficient management. The back of the building is also currently used as a small gathering spot for the tenants to relax, play, and/or BBQ. All tenants have central HVAC for heating and cooling, which was upgraded in the early 2000s. Roofs have been resealed in the past 5 years. There are over a dozen parking spots in the rear of the building as well. Currently priced at an 8.35 CAP but with better management and getting rents to market, this could easily be a 9+ CAP building. This property has unlimited potential and upside with the right plan. Schedule a showing today!