Sheri Paper
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1914
General Information
County: Cook
Listed By:
HomeSmart Realty Group
708-320-0002
MRED MLS
MLS ID: 12582502
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514 W 71st Street, Chicago, IL 60621.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $399,000 | $399,000 | $399,000 |
| Down Payment | $79,800 | $13,965 | $99,750 |
| Monthly Mortgage Amount | $1,888 | $2,286 | $2,425 |
| Taxes | $555 | $555 | $555 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $175 | $0 |
| Monthly Estimated Total | $2,559 | $3,132 | $3,096 |
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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