2963 South Archer Avenue

Chicago, IL 60608

$606,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great property with cash flow! Located in a High traffic area. Good income producing mixed use property in Bridgeport. Owner has taken good care of the building. You can do a lot here! The open space on the ground level can be used as office space, Real Estate office, medical office, dental, pop up business, etc. Features a nice size conference room, private office, full kitchen & full bathroom. The 2nd floor is a legal 2 bedroom/1 bathroom apartment, rented by long term tenant. The garden unit is...Great property with cash flow! Located in a High traffic area. Good income producing mixed use property in Bridgeport. Owner has taken good care of the building. You can do a lot here! The open space on the ground level can be used as office space, Real Estate office, medical office, dental, pop up business, etc. Features a nice size conference room, private office, full kitchen & full bathroom. The 2nd floor is a legal 2 bedroom/1 bathroom apartment, rented by long term tenant. The garden unit is a legal AIR BNB apartment that is a consistent money maker. Great income and room to grow. There are 3 parking spots in the rear. Great location. Motivated seller! Located near the highway & public transportation. New construction in the works all around.
  1. Listed by Antonio Sarmiento • 606 Brokers LLC

Property Details for 2963 South Archer Avenue

Area
CHI - Bridgeport
Township
South Chicago
Zoning
COMMR

Location

Listing Courtesy of 606 Brokers LLC
Add your commute
LISTING UPDATED: 03/19/2024 11:12 AM

Property Details for 2963 South Archer Avenue

StatusActive
MLS #12001186
Days on Market77
Taxes$5,631 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1883
Lot Size0.06 AC / 2,710 SF
CountyCook County

Location

Listing Courtesy of 606 Brokers LLC
Add your commute

Building Information for 2963 South Archer Avenue

Stories-Residences3Year Built1883Lot Size0.06 AC / 2,710 SF

Payment Calculator

$3,776 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,307

Property Taxes

$469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2963 South Archer Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South,Chicago Southwest
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Estimated Tax/Sf: 0
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Radiators
  • Misc Inside: Multi-Tenant
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 110
  • Lot Size Square Feet: 2710.0
  • Stories: 2
  • Exterior Building Type: Aluminum Siding
  • Fire Protection: None
  • Roof Structure: Other
  • Foundation Details: Other
  • Building Area Total: 2640
  • # Of Offices: 1
  • Office SqFt: 1100
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial, Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 30
  • Estimated Cam/Sf: 0
Miscellaneous
  • Current Use: Commercial, Legal Non Conforming
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $135.00
  • Fuel Expense: $300.00
  • Gross Income: $4,350.00
  • Gross Scheduled Income: $52,200.00
  • Insurance Expense: $245.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 4350
  • Water Expense Source: Actual
  • Other Expense: $.00
  • Trash Expense: $75.00
  • Water Sewer Expense: $75.00

Property History for 2963 South Archer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2963 South Archer Avenue

Taxable ValueLand$10,840Additions$17,160Total$28,000
Tax Record2022$5,759 ($480 / month)
Home Facts
Baths3.5Total Finished SqFt2,640 SqFtAbove Grade Finished SqFt2,640 SqFtStories2Lot Size2,710 SqFtStyleMulti-Family Res (5+ Units)Year Built1886CountyCOOKAPN17-29-322-015

Schools near 2963 South Archer Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 9 to 12
Public - K to 8
Charter - K to 8
Rating
School
Distance
Holden Elementary School
PublicPK to 8

Ijla Charter High School
Charter9 to 12

Namaste Elementary Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2963 South Archer Avenue is a mixed use property for sale in Chicago, IL 60608. This property was listed for sale on March 11, 2024 by 606 Brokers LLC, it's currently listed at $606,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Holden Elementary School, Ijla Charter High School and Sheridan Elementary Math & Science Academy. 2963 South Archer Avenue is a 0-bed, 0-bath, mixed use property built in 1883.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 606 Brokers LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.