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4-Unit Strip Center For Sale

$650,000

10622-34 S Halsted Street, Chicago, IL 60628

Active
Last Updated: 04/18/2023

71,751.76

NOI

8,100 sqft

Building Size

Details:
NOI:    $71,751.76
Building Size:    8,100 sqft
Parking Spots:    18
Description:

• 4-unit strip center
• 8,100 square feet of rentable area
• 18 parking spaces plus curbside parking
• 2019 Upgrades: Parking lot seal coated and striped, entire front painted including fascia, front, poles, sign frames. All signs rewired with LED, new LED parking lot lights.
• Unit 10634 totally remodeled walls, ceiling, floor, electrical and plumbing.

Income and Expenses
• Rental Income: $111,000.00
• Additional Income(Water Bill): $1,758.81
• Taxes: $31,203.06
• Insurance: $3,287.00
• Other Expenses include Building Maintenance, Snow Removal, Water, Professional Fees
• Total Expenses: $41,007.05
• NOI: $71,751.76
• All rents are triple net, CAM is readjusted after the first of every year. Base Rents increase 3% annually

Map:
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Location
Gallery