Pending
1450 S Michigan Avenue
Chicago IL, 60605
$799,000
Pending
Commercial
Built in 1989
Courtesy of Century 21 Circle
Excellent opportunity for a savvy investor to own this prime South Loop income producing property. The building is strategically located and positioned to achieve its true highest and best use, with high traffic from current existing restaurant ( Harold's Chicken #88 ). There is also great potential for additional rental income from second floor unit which offers a large open space with two additional rooms which can be used as offices and also a water closet room. This unit is an ideal space for a Fitness Center, Office space, Entertainment Venue so bring your ideas. There is public street parking and just minutes to public transpiration. There is a long term agreement in place with AT&T which has a cell phone antenna in rear of building and they pay 1/3 of the current property taxes. This is an income producing property with seller having minimal expense.
11899106
MLSⓇ ID
October 2, 2023
Listed
March 28, 2024
Updated
Map
1450 S Michigan Avenue
Chicago IL, 60605
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Roof
Membrane
Other Property Details
Area Name
CHI - Near South Side
Taxes
$49,624
Tax Frequency
Annually
Days on Market
120
Garage
No
View
No
County
Cook
Pool
No
Zoning
COMMR
Buyer Agency Compensation
2.25% - $495
Listing History
Date | Event | Price |
|---|---|---|
2/29/2024 | Pending | — |
1/31/2024 | Under Contract | — |
Courtesy of Century 21 Circle, Giovanni Arenella,
Listing Contact: 708-715-2341
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Dawn McKenna Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:34 AM UTC, 3/28/2024
