Listed by @properties Commercial, @properties Commercial Chicago
$829,000
1964 W Lawrence Avenue
Details
APN 14074190250000
Property Type Mixed Use
Sub Type Mixed Use
Units 2
Cap Rate 8.24%
NOI $68,287
Year Built 1908
Stories 2
Lot Size (SqFt) 3,720
Mixed Use | 8.24% CAP
Marketing description
Surrounded by new development including Devry's new campus and tons of new, luxury residential units within blocks. Located on Lawrence, just east of Damen. Fully leased Commercial space (3200 sf). Existing kitchen has black iron, 16 ft. hood, two walk in coolers and three compartment sink. Lots of space for storage and entire back room can be turned into a cooler for wholesale work or large prep. Large Front windows plus dining area includes two ADA bathrooms with double stalls. Recently Renovated Second level contains large 3BD/1BA apartment with long term tenants and rear outdoor patio. Building runs lot line to lot line. 0.2 Miles to the Damen Brown Line CTA Station, 0.2 Miles to the Ravenswood Metra Station, multiple bus stops and Divvy stations plus close access to Lake Shore Drive. Area tenants include: Goundswell Coffee Roasters, CVS, Wendy's, Rock N Roll Vintage Chicago Guitar Shop, Chase Bank, Mariano's, Sears Auto Center and much more.
Listing Contacts
Listed by @properties Commercial, @properties Commercial Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,287.00
$5,690.58/mo
Valuation Metrics
0
DSCR
8.24%
Cap Rate
8.24%
ROI
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