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6835 W Higgins Avenue,  Chicago IL, 60656

(Active)
$525,000
|
|
MLS# 11077752
Last Updated: 5/15/2024 12:49 AM
Description for 6835 W Higgins Avenue Chicago, IL 60656
This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you'll add over $200k to the value of the building. If that's not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there's the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O'Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.
Price
$525,000
Cook
11077752
Active
Description
This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you'll add over $200k to the value of the building. If that's not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there's the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O'Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.
Listing Information
Property Type: Business Opportunities, Other
1958 Brick Commercial, Office and Research, Multi-Family, Retail, Other, Elderly Housing
Concrete Perimeter
Commercial
Neighborhood
Room Information
Interior Features
Tile, Carpet
Central Air
Exterior / Lot Features
Brick
Composition, Membrane
50X77X73X95
COMMR
Driving Directions
East of Harlem Avenue, on Higgins Avenue. Located on South side of street.
Financial Considerations
13071150070000
$15,928
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60656 has a population of 2,781,445.

The median household income in Chicago, Illinois 60656 is $66,555. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60656 is 38 years.

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Courtesy: Keller Williams Success Realty
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/15/2024 12:49 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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