3620 West 16th

Chicago - North Lawndale

$579,900 | Mixed Use | Studio | 0 baths | MLS #10613609


Property Description

Presented By

Hadeil Abdelfattah
Century 21 SGR
Phone: 773.490.2395
Fax: 312.326.7911
Contact Me  

Rarely available cash cow! This property is priced at a 16% cap rate. Property has recently gone through 250K+ renovations, originally 5 storefronts now combined into 4 & an additional 4 apartments, total of 8 units. All commercial tenants are running positive profits. Some long-term residential tenants with over 40 years occupancy. Features new electrical circuit breakers, hardwired CO2 & fire alarms, new plumbing throughout, new beams & joists where needed, new chimneys, new heating unit in commercial spaces, newer heating units in apartments. Each tenant has separate heat & hot water tank. Tenants control individual thermostats & have individual utilities. Income of $8,000 monthly!


Property Details

Property Features rooms, Studio and baths

  • Master Bedroom
  • Kitchen
  • Taxes : 8918

Information deemed reliable but not guaranteed.

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Mapped Location: 3620 West 16th

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