6850-2 W Archer Avenue Chicago, IL ^$ 425,000

6850-2 W Archer Avenue

^$ 425,000

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6850-2 W Archer Avenue

Chicago, IL, 60638

^$ 425,000

Studio Baths0.0 Sq 5,000

Monthly Estimate*

^$ 2,825

6850-2 W Archer Avenue, Chicago, IL 60638 - Image 1

Studio

Commercial Property for sale in Chicago, IL

for $425,000. This 5,000 square foot building was built in 1966 on a lot size of 0.14348.

The property is 2 storefronts 6850 and 6852 W. Archer. The building is taller than average Archer Ave Storefronts. The property is rented to a restaurant and is not included in the sale. The 12' stainless exhaust hood belongs to property. The Tenant is month to month for $3900/month. The roof is a complete tear off and 2 years old.

Commercial Active

Price

^$ 425,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,900

Style

Commercial

Lot Size

0.14348

Year Built

1966

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11992479

Features

General

Cooling Central Air Central Individual

Utilities Cable Available

Possession Closing

Roof Rubber

Zoning COMMR

Construction Materials Brick Concrete Block

Year Built 1966

Electric Circuit Breakers Service - 101 to 200 Amps

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Operating Stops

Stories 1

Property SubType Neighborhood Storefront

Tax Year 2022

Current Use Commercial

Gross Income 44400

County Cook

Net Operating Income 29100

Operating Expense 15400

Property Type Commercial Sale Retail/Stores

Status Active

Directions Take Archer East or West to 6850 and 6852 W Archer

City Chicago

Total Units 2

MLS Area CHI - Garfield Ridge

Lot Size Square Feet 6250

Street Name Archer

Tax Annual Amount 12900

Additional Parcels Y/N Y

Leasable Area 0

Days on Market 15

Standard Status Active

Interior

Flooring Concrete Sealed

Street Suffix Avenue

Exterior

Foundation Details Concrete Perimeter

Building Area Total 5000

Lot Dimensions 50X125

Frontage Type City Street

Exterior Brick

* Excluded Features

List By

Prospect Equities Real Estate

Broker

slatek@yahoo.com

Affordability Calculator

$3,900

Per Month

Monthly Principal & Interest: $2,825
Monthly Property Taxes: $1,075
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$836,634

Percent of Sale Price 97%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/29/2024	$425,000		Listed Price

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6850-2 W Archer Avenue, Chicago, IL, 60638 is a Commercial Property for sale at $425,000 with 5,000 sqft and a lot size of 0.14348. 6850-2 W Archer Avenue is a studio with 0.0 baths and was built in 1966. The property's zip code is 60638 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 5/25/2024.

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6850-2 W Archer Avenue

Commercial Property for sale in Chicago, IL

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