4201 N Troy Street, Chicago, Illinois 60618

$715,000
List Price
$715,000
MLS#
MRD10944393
Status
ACTIVE
Type
Commercial
Subtype
Instut/To Develop
County
Cook
City
Chicago
Neighborhood
Albany Park
Days On Market
56

Property Description

Current income of $1800 a month and 60% of utilities paid for rather than $3800 a month and 60% of utilities paid for is a temporary rent reduction due to COVID. Church Rental in place and is on a Shared Arrangement so many possibilities exist for garnering still another tenant for an additional co-existing extra ownership income producing arrangement. Current owner/landlord has an entire wing of great office space for new owner usage and/or for leasing for yet potentially 3 sources of income. Stellar building in Excellent Condition. Heart of Chicago's Irving Park East. Triple corner lot offers approximately 15000 square feet spread out into 4 distinct separate spaces: Sanctuary with original stained glass windows, lower level with licensed commercial kitchen with huge dining hall and auxiliary space/offices, upper level of East Wing of building with full gym, and main level of the East Wing has a suite of individual offices with conference area. Endless possibilities including, with current R-3 zoning, the development of two high-end residential units or convert into a well-kept secret single-family home such as so many others have throughout the City. Solid Seating for 300 in the stained glass auditorium, and gym is being used as an additional 200 seating arena. The East Wing main level includes 5 private offices, large conference area, separate kitchenette and new washrooms. Updated LED lighting fixtures throughout building for cost efficiency. New furnace and condenser added to making entire building two fully separate zones for heating and cooling. New bathrooms, some with showers, in 3 of the 4 distinct areas. Two sets of Stacked high-end Washer/Dryers along with huge walk in highly organized pantry on the commercial kitchen level. Lowest level of building is only 3 feet below grade. Natural light abounds. Street parking available on Kedzie, Troy, and Berteau and has been arranged w/nearby lots. Walking distance to brown line and other major public transportation with ease via Irving bus line. See Drone Photos. Amazingly priced property ready for you. Bring your prequalification and let's go.

Additional Information

Year Built
1907
Air Conditioning
Central Air
Basement
Yes

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Eldorrado Chicago Real Estate.



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