3115 South Archer Avenue

Chicago, IL 60608

$450,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Pearson Realty Group been exclusively retained to sell 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...Pearson Realty Group been exclusively retained to sell 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.
  1. Listed by David McLennan • Pearson Realty Group
  2. Listed by Juan Torres • Pearson Realty Group

Property Details for 3115 South Archer Avenue

Area
CHI - McKinley Park
Zoning
COMMR

Location

Listing Courtesy of Pearson Realty Group
Add your commute
LISTING UPDATED: 05/02/2024 12:07 AM

Property Details for 3115 South Archer Avenue

StatusActive
MLS #12039763
Days on Market12
Taxes$3,553 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1877
Lot Size0.05 AC / 2,045 SF
CountyCook County

Location

Listing Courtesy of Pearson Realty Group
Add your commute

Building Information for 3115 South Archer Avenue

Stories-Residences8Year Built1877Lot Size0.05 AC / 2,045 SF

Payment Calculator

$2,752 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$296

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3115 South Archer Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Geographic Locale: Chicago South
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50.4X40X81.8X25
  • Lot Size Square Feet: 2045.0
  • Stories: 2
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Building Area Total: 4800
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 3
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $72,000.00
  • Gross Scheduled Income: $72,000.00
  • Insurance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 6000
  • Water Expense Source: Broker Projection
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 3115 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 3115 South Archer Avenue

Taxable ValueLand$4,187Additions$16,812Total$20,999
Tax Record2022$3,616 ($301 / month)
Home Facts
Baths3.5Total Finished SqFt3,139 SqFtAbove Grade Finished SqFt3,139 SqFtStories2Lot Size1,675 SqFtStyleMulti-Family Res (5+ Units)Year Built1880CountyCOOKAPN17-31-206-010

Schools near 3115 South Archer Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Greene N Elementary School
PublicPK to 5

Evergreen Academy Middle School
Public6 to 8

Thomas Kelly College Preparatory
Public9 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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3115 South Archer Avenue is a mixed use property for sale in Chicago, IL 60608. This property was listed for sale on April 25, 2024 by Pearson Realty Group, it's currently listed at $450,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Greene N Elementary School, Evergreen Academy Middle School and Thomas Kelly College Preparatory. 3115 South Archer Avenue is a 0-bed, 0-bath, mixed use property built in 1877.

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 Pearson Realty Group

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. Based on information submitted to the MLS GRID as of 05/02/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.