3115 S Archer Avenue

Chicago,IL 60608

$ 450000

- Bed

- Bath

4800 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $93

MLS Listing ID 12039763

Year Built 1877

Annual Tax Amount $3,553

Tax Year 2021

Lot Dimensions 50.4X40X81.8X25

Property Description

3 parcels at the SW corner of Ashland Ave and Archer Ave. The MLS ID's for the other 2 properties are #12039726 and #12039782. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. This is the middle building of 3 located on the SW corner of Ashland and Archer. This is a 2 story building with a full basement. Each floor is approximately 1600 s.f. The first floor is occupied by a long time bar and music venue named One City Tap. The second floor is split up into 7 bedrooms, with 2 bathrooms and one kitchen. This 2nd floor area is licensed as an SRO, and any sale must follow the rules and regulations governing the transfer of an SRO property (click on link in Broker's Private Remarks). 3115 S. Archer Ave is being offered for sale individually for $450,000. This property is not being offered for lease. This property is being sold "as-is, where-is".

Location

State IL

County Cook

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

View Y/N true

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