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27067482
24991638

3251 W 111TH Street, Chicago, IL 60655

@properties Christie's International Real Estate
@properties Christie's International Real Estate
Listed by @properties Christie's International Real Estate
$325,000
318 days on market
Updated 40 days ago

3251 W 111TH Street

Details
APN 24232060040000
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront (+3)
Units 2
NOI $21,030
Year Built 1919
Stories 2
Lot Size (SqFt) 6,313
Zoning COMMR

Mixed Use

Marketing description

Incredible Investment Opportunity in Prime Mount Greenwood! Here's your chance to own a well-maintained mixed-use two-flat in one of the most desirable high-traffic corridors on 111th Street in Mount Greenwood. This property offers excellent visibility, stable income, and significant upside potential. The building includes a 400 sq ft commercial space in the front and a spacious 3-bedroom, 1-bath residential unit in the rear-plus a full unfinished attic that offers future expansion potential. There's also a 2-car garage in the rear. The property has been well cared for, and both units are currently occupied with long-time, month-to-month tenants. Rents have not been raised in many years, offering immediate value-add opportunity by adjusting to market rate. The adjacent vacant 25 x 125 lot is also available for just $100,000 additional. Use it for expanded parking, outdoor space, or future development-the possibilities are endless. Both parcels have separate PINs and can be sold together. Whether you're looking to increase cash flow, expand your portfolio, or secure a prime piece of real estate in a sought-after business district, this is a must-see opportunity.
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Listing Contacts

@properties Christie's International Real Estate
@properties Christie's International Real Estate
Listed by @properties Christie's International Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$21,030.00
$1,752.50/mo

Valuation Metrics

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DSCR
6.47%
Cap Rate
6.47%
ROI

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