Address
7355 W Archer Avenue, Summit, IL
Price
$ 1,075,000
Property Attributes
- MLS#11292580
- TypeCommercial
- CountyCOOK
- CitySummit
- AreaSummit
- Zip60501
- Style
- Year Built1986
- Taxes$ 55942
- Price$ 1,075,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12000
- Lot Size0.482094 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Great investment opportunity! Fully occupied cash flowing building, with long term tenants. No concessions provided, all tenants have been paying rent on time throughout Covid. The units are updated on the interior and have custom build outs to fit the tenants needs. All new heating and air conditioning units in 2021 located on the roof of the property. The exterior brick, windows, and roof are all in good condition. There are front and back parking lots available, featuring 36 total parking spaces. This property has been meticulously maintained for the past 14 years. ***All interested parties please do not disturb tenants with interest/ questions. Contact listing brokers directly with any/ all questions and property tour requests***
| Price History | |
|---|---|
| 12/21/2021 | Listed $1,195,000 |
| 3/15/2022 | 11% - $1,075,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| City | Summit |
| Cooling | Central Individual |
| County | Cook |
| Days on Market | 114 |
| Directions | Exit 171 to Archer Ave, close proximity to the Stevenson Expressway & Harlem Ave. |
| Electric | Separate Meters, Service - 101 to 200 Amps |
| Leasable Area | 2200 |
| Lot Size Square Feet | 21000 |
| MLS Area | Summit |
| Net Operating Income | 70094 |
| Property SubType | Strip Center |
| Property Type | Retail/Stores |
| Property Type | Commercial Sale |
| Standard Status | Active |
| Status | Active |
| Stories | 1 |
| Street Name | Archer |
| Tax Annual Amount | 55942 |
| Tax Year | 2020 |
| Tenant Pays | Electricity, Heat, Insurance, Sewer |
| Total Units | 6 |
| Township | Lyons |
| Year Built | 1986 |
| Zoning | COMMR |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Building Area Total | 12000 |
|---|---|
| Lot Dimensions | 127 X 199 |
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 60501
Price
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than HomeSmart Realty Group-IL may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.Based on information submitted to the MLS GRID as of August 16, 2022 8:21 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of August 16, 2022 8:21 PM UTC
