Address
6835 W Higgins Avenue Chicago, IL
Price
$ 563,108
Property Attributes
- MLS#11077752
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Norwood Park
- NeighborhoodUnion Ridge
- Zip60656
- StyleCommercial
- Year Built1958
- Taxes$ 11188
- Price$ 563,108
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5746
- Lot Size4,848 SqFt
Listing Provided Courtesy Of:
Keller Williams Success Realty
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Excellent high-traffic Chicago location! Corner brick office building with retail style front, only 11 minute walk from the "L". Excellent investment opportunity with three separate levels. The main level is primarily occupied by the owner/user and consists of a conference room, main entry/lobby, a large shared office space, two private offices, a copy room, and a separate restroom. The upper level is occupied by 3 long term tenants. There are currently four internal office entrances on the upper level with one of them including an additional attached office. There is a lower level walkout basement that includes a kitchenette space with bar, as well as two bathrooms, a large open room that could be separated into additional offices, and a maintenance room. There is plenty of opportunity in this zoning to add value by renovating the property to a mixed use building with residential on top and retail at street level. Great exposure along heavily travelled Higgins Avenue and close to Blue Line, Bus Terminal, Harlem Avenue and O'Hare Airport. Please do not disturb tenants or ask them questions, all showings must be accompanied by listing agent.
| Price History | |
|---|---|
| 5/6/2021 | Listed $669,000 |
| 11/8/2021 | 16% - $563,108 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| City | Chicago |
| Construction Materials | Brick |
| Cooling | Central Air |
| County | Cook |
| Current Use | Commercial |
| Days on Market | 417 |
| Directions | East of Harlem Avenue, on Higgins Avenue. Located on South side of street. |
| Electric | Circuit Breakers, Service - 101 to 200 Amps |
| Grossincome | 23257 |
| Leasable Area | 5746 |
| Lot Size Square Feet | 4848 |
| MLS Area | CHI - Norwood Park |
| Net Operating Income | 23257 |
| Operatingexpense | 9157 |
| Possible Use | Commercial, Office and Research, Multi-Family, Retail, Other, Elderly Housing |
| Property SubType | Office |
| Property Type | Office/Tech |
| Property Type | Commercial Sale |
| Roof | Composition, Membrane |
| Standard Status | Active |
| Status | Active |
| Stories | 3 |
| Street Name | Higgins |
| Tax Annual Amount | 11188 |
| Tax Year | 2020 |
| Tenant Pays | Varies by Tenant |
| Virtual Tour | https://youtu.be/vu92Ix4P0d4 |
| Year Built | 1958 |
| Zoning | COMMR |
Interior Features
| Flooring | Carpet, Tile |
|---|---|
| Street Suffix | Avenue |
Exterior Features
| Building Area Total | 5746 |
|---|---|
| Exterior | Brick |
| Foundation Details | Concrete Perimeter |
| Frontage Type | City Street |
| Lot Dimensions | 50X77X73X95 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60656
Price
Taxes
Visits
Year Built
Walkscore
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