3708 West Roosevelt Road, Chicago, IL

$300,000

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About 3708 West Roosevelt Road

Prime Two-Story Retail Building with plenty of parking - Turn-Key Business Opportunity! Seize this incredible opportunity to own a beautifully renovated, mixed-use building in a high-traffic, highly sought-after location! This two-story gem offers endless possibilities for business owners and investors alike. The second floor has been tastefully renovated and sectioned into eight modern suites, 6 of which are already leased, generating 4,000 in monthly rental income, cap rate is an astonishing 15. The Pro Forma cap rate will be around 23 when you finish the first floor and put a tenant or two in there. Should be able to generate 2000 additional income per month. The first floor is a spacious, blank canvas spanning over 2,500 sq. ft., ready to bring your vision to life-whether it's more salon suites, a restaurant, cafe, boutique, office, or retail space. High ceilings, newer windows, modern fixtures, and stylish coverings create an inviting atmosphere for any business concept. Additional features include a newly built back porch, a huge basement and garage ideal for extra storage or parking. This property is a rare find with immense potential in a thriving area-don't miss your chance to make it yours! Schedule a viewing today!

Features of 3708 West Roosevelt Road

MLS® # 12393070
Price $300,000
Bathrooms 0.00
Acres 0.00
Year Built 1903
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 3708 West Roosevelt Road
Area CHI - North Lawndale
City Chicago
County Cook
State IL
Zip Code 60624

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 125
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty
Contact Info888-574-9405

Listing Map

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