55
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$514,900
Est. payment /mo
4,482 SqFt
Active Under Contract
8847 Ogden Avenue Brookfield, IL 60513
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UPDATED:
11/18/2024 07:26 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,482 sqft
Price per Sqft $114
MLS Listing ID 12185618
Year Built 1920
Annual Tax Amount $10,626
Tax Year 2023
Lot Dimensions 30X125
Property Description
**Prime Commercial/Residential Property on Historic Route 66** Built in 1920, this meticulously maintained corner Brick building on historic Route 66 offers a total of 4,664 sq. ft. of Commercial and Residential space. The property includes four Bedrooms, 2 1/2 Baths, and a range of updated features. The ground floor houses a 1,250 sq. ft. hair salon, fully remodeled in 2015, with New Flooring, Lighting, HVAC, and Electrical. The salon is currently leased, with the tenant interested in renewing their lease upon its expiration in April 2025. The residential space includes a two-Bedroom apartment is currently occupied by owner and featuring a Living Room, Dining Doom, Kitchen with oak Cabinets, laminate Countertops, and an island for eating space, along with a full Bath and Laundry Room. There is also a vacant Studio apartment that can be rented out for additional rental income, with a Kitchenette and a three-quarter Bath. The property's back portion includes an unfinished 630 sq. ft.(45'x14') above the garage accessible from enclosed rear porch, providing potential for additional living space. An attached heated six-car garage with 220 electrical service was previously rented for by an antique car collector, offering further income potential. The building has been well-maintained, with New Windows replaced two years ago, storefront windows upgraded in 2023, and tuckpointing completed two years ago. There is also a large full unfinished Basement that is currently being used for storage. This property is ideal for both investors and business owners. The combination of a prime location, stable rental income, and opportunities for expansion makes it a rare find. With the owners retiring and considering relocation out of state, this is the perfect time to take advantage of this unique offering.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air
Fireplace Y
Exterior
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Giovanni Arenella • Century 21 Circle
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