Sheri Paper
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Cash Flow King! Unique Opportunity in the Heart of South Chicago, Commercial 2-Unit with Endless Potential! Investors, take note! This commercial/residential hybrid is a rare find in the Chicago market, especially close to the new Quantum and Microelectronics Park, offering immediate income and massive value-add potential. Whether you're looking to build your portfolio or find a live-and-earn property, this 2-unit powerhouse is ready to perform. Unit 1 - Ground Floor Commercial Income. Currently fully rented and operating as a church, the first floor offers a sprawling, open-concept floor plan. With high visibility and its own half-bath, this versatile space is perfect for its current use or could easily transition into a retail storefront, professional studio, or office space in the future. Currently has 2 - half bathrooms. Unit 2: Spacious Residential Apartment. The second floor isn't just an apartment-it's a spacious, income-generating home. Value-Add Alert - Currently a massive 2-bedroom, 1-bath layout, there is dedicated space already in place to easily convert this into a 3-bedroom unit, instantly boosting your rental comps! Features include a bright living room and a massive eat-in kitchen that tenants will love. Extra Living Space- A heated back porch adds year-round square footage, making it a standout in the rental market. The Investor Specials - Dual Income Streams, Commercial and residential combined for maximum stability. Parking Perks- A 2-car garage (as-is) and plenty of street parking available-a high-demand asset in the city that can be rented separately for additional monthly cash flow. Turn-Key Ready - Currently rented out, so you can start seeing a return from day one. Whether you're looking to collect dual rent or move into the top floor while running your business below, this property is a rare find. Properties with this kind of versatility and growth potential don't stay on the market long.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
General Information
County: Cook
Listed By:
Exit Strategy Realty / EMA Management
312-767-0572
MRED MLS
MLS ID: 12675739
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2711 E 93rd Street, Chicago, IL 60617.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $319,000 | $319,000 | $319,000 |
| Down Payment | $63,800 | $11,165 | $79,750 |
| Monthly Mortgage Amount | $1,551 | $1,929 | $1,971 |
| Taxes | $444 | $444 | $444 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $140 | $0 |
| Monthly Estimated Total | $2,095 | $2,613 | $2,515 |
Sheri Paper
REALTOR®
Cell: (563) 343-7688
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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