1441-1455 W 103rd St, Chicago, IL 60643

Come see this amazing mixed-use, value-add, 12-unit building in Chicago's incredible East Beverly neighborhood! This beautiful all-brick 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 and highly-trafficked 103rd Street, this property provides retail owners a ton of visibility to both vehicles and pedestrians to increase exposure and bring in 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 provides a ton of opportunity to the new buyer potentially for 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, barbecue, etc. 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. Over a dozen parking spots in the rear of the building as well. Currently priced at a 7.3 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!

Investment Highlights:

Well established building in East Beverly, Chicago with 6 retail and 6 apartment units that are easy to rent

• 7.4% CAP rate as is with a ton of room for value-add improvements

• Rents are well below market and with some professional management can easily boost NOI

• The existing garage is currently being used for storage and provides an opportunity to clean out and repurpose for storage and / or covered / protected parking for additional revenue.

• The property sits on almost ¾ of an acre and there is large amount of wasted space that provides even more opportunity for additional value-add development as storage, parking or additional units

See a selection of property photos below and contact us today to request a showing!
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