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5546 S Archer Avenue Chicago, IL $ 400,000
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$ 400,000 Get more info
5546 S Archer Avenue
$ 400,000
Back to search
Share Save

5546 S Archer Avenue

Chicago, IL, 60638
$ 400,000
Baths0.0 Sq 3,172

Monthly Estimate*

$ 2,659

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Studio

Commercial Property for sale in Chicago, IL

for $400,000. This 3,172 square foot building was built in 1940 on a lot size of 0.141047.

Exceptional Commercial property in a prime location on busy Archer Ave in Garfield Ridge with maximum exposure. Rarely available, the property offers 3264 sq. ft. commercial building with 3 separate store fronts on (48 x 125 sq. ft. lot with 14 to 18 space parking lot.. It is well situated on Archer Ave. with a high traffic count (32,000+VPD). Great visibility, big signage to street for added advertisement. Surrounded by thriving businesses. Zoned B3, which offers a multitude of uses. Property has been very well maintained, consisting of a kitchen, dining area with ample seating, walk-in-cooler, 4 restrooms, storage and, 3 separate furnaces / A/C units. HWT 2016. Just a few blocks from Cicero / Archer Intersection, easy access to I'55, 4 blocks to Midway airport. Strong area demographics. Numerous area national tenants including Aldi, Walgreens, Jewel-Osco, Portillo's Beggar's Pizza. Lots of potential to own and operate your business or collect rent for added income. Owner is willing to offer up to $16,000 roof repair credit. Property being sold "AS-IS"

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Commercial Active

Price

$ 400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,424

Style

Lot Size

0.141047

Year Built

1940

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11940405
Features
General
Cooling Central Air
Possession Closing
Roof Membrane Reflective Coating
Zoning COMMR
Construction Materials Brick
Year Built 1940
Electric Service - 0 to 100 Amps
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Taxes Scavenger Sewer
Stories 1
Township Lake
Property SubType Neighborhood Storefront
Tax Year 2021
Gross Income 36000
County Cook
Net Operating Income 33561
Operating Expense 2439
Property Type Commercial Sale Retail/Stores
Status Active
Directions Cicero to Archer Ave west to property on north side of street
City Chicago
NumberOfUnitsTotal 3
MLS Area CHI - Garfield Ridge
Lot Size Square Feet 6144
Street Name Archer
Tax Annual Amount 10424
Additional Parcels Y/N Y
Leasable Area 3172
Days on Market 54
Standard Status Active
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Interior
Flooring Tile
Street Suffix Avenue
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 3172
Lot Dimensions 128 X 48
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Exit Realty We

Broker

adambarreraRE@gmail.com;Adambarrerare@gmail.com

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Affordability Calculator

$3,527
Per Month
75%
25%
0%
Monthly Principal & Interest
$2,659
Monthly Property Taxes
$869
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/18/2024$400,000 -15.79% Price Down
12/2/2023$475,000 Listed Price

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5546 S Archer Avenue, Chicago, IL, 60638 is a Commercial Property for sale at $400,000 with 3,172 sqft and a lot size of 0.141047. 5546 S Archer Avenue is a studio with 0.0 baths and was built in 1940. The property's zip code is 60638 which is in Chicago, IL

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