2744 West Division Street Mixed Use. Humboldt Park
Mixed Use storefront with 2 apartments 4320Sqft
Marketing description
Excellent mixed-use investment opportunity in the heart of Humboldt Park! This property features a ground-floor liquor store and two oversized residential units with significant renovations already completed. The commercial storefront is currently occupied by a liquor store paying $3,500 per month on a month-to-month lease, offering immediate income with substantial upside potential, as the current rent is below market value. The residential portion consists of two large units that are currently vacant. The first-floor apartment offers 3 bedrooms and 2 bathrooms, while the second-floor unit features 4 bedrooms and 2 bathrooms. Both units have been partially remodeled, with all major capital improvement items already completed. The remaining work is primarily cosmetic and presents an excellent opportunity for an investor or owner-occupant to add value and maximize rental income.
Investment highlights
Excellent mixed-use investment opportunity in the heart of Humboldt Park! This property features a ground-floor liquor store and two oversized residential units with significant renovations already completed. The commercial storefront is currently occupied by a liquor store paying $3,500 per month on a month-to-month lease, offering immediate income with substantial upside potential, as the current rent is below market value. The residential portion consists of two large units that are currently vacant. The first-floor apartment offers 3 bedrooms and 2 bathrooms, while the second-floor unit features 4 bedrooms and 2 bathrooms. Both units have been partially remodeled, with all major capital improvement items already completed. The remaining work is primarily cosmetic and presents an excellent opportunity for an investor or owner-occupant to add value and maximize rental income.
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