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
AVG $140K
$560K
Taxes
AVG $11,188
$11,188
Visits
AVG 12
9
Year Built
AVG 1956
1958
Walkscore
AVG 65
63
Data Provided by Walkscore ® not using MLS data