611 N Cicero Ave, Chicago, IL, 60644

611 N Cicero Ave Chicago, IL 60644

611 N Cicero Ave, Chicago, IL, 60644
611 N Cicero Ave, Chicago, IL, 60644 611 N Cicero Ave, Chicago, IL, 60644
FOR SALE
Property Type:
Street Retail
Amount:
$250,000
Last Verified:
Aug 15, 2024

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Highlights

  • Cicero Avenue is a bustling street that offers CTA and Metra services very close by. The CTA stop is at the Southeast corner of the block and the Green Line stop is within 10 blocks to the South. Chicago Avenue is a very thriving shopping corridor beginning just 3 blocks to the North.

Description

Welcome to 611 N Cicero Ave, a prime investment opportunity in the heart of Chicago. This historic 3,282 SF building, built in 1903, offers four rental units in the vibrant B3-1 zoned urban area. With 100% occupancy, this property presents an ideal prospect for investors looking to capitalize on its promising potential. The first floor retail unit, is currently a carry-out restaurant which distinguishes itself as a valuable asset in this bustling location. The other 3 residential units along with the restaurant combine for a strong and consistent cash flow. Don't miss the chance to become a part of this thriving commercial landscape!!

This property is located in the Austin Neighborhood, on heavily trafficked Cicero Avenue near Chicago Avenue. Easy access to I-290. The Green-Line El Stop is 10 blocks South at Cicero Ave and Lake St. CTA bus stop is at the southeast corner of the block. Commuter rail stop 11 blocks to the south.


Year Built: 1903
Building Size: 3282sq ft
Lot Size: 0.08 acres

Map of 611 N Cicero Ave, Chicago, IL, 60644

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.