- For Sale $575,000
- Property Type Other
- Units 3
- Lot Size 20,000 SF
- # of Floors 1
- Parking Spaces Avail. 6
- Year Built 1968
- Date Updated Aug 10, 2026
Description
IMMEDIATE CASH FLOW ON DAY 1 FROM THIS INCOME-PRODUCING ARM-CHAIR INVESTMENT EASY MONEY MAKING BUILDING. FULLY LEASED, INCOME-PRODUCING 3-UNIT COMMERCIAL STRIP CENTER IN MOUNT GREENWOOD! THIS PROPERTY DELIVERS STEADY CASH FLOW FROM ESTABLISHED, LONG-TERM BUSINESS TENANTS AND BENEFITS FROM EXCELLENT VISIBILITY AND STRONG LOCAL COMMERCIAL DEMAND. PARKING IS AVAILABLE ALONG THE EAST AND WEST SIDES AND ON 111TH STREET. TWO UNITS HAVE BEEN RECENTLY UPGRADED; THE THIRD HOUSES A CONTEMPORARY HAIR SALON AND A LONGTIME INSURANCE OFFICE TENANT (WITH ITS OWN A/C SYSTEM). ALL TENANTS ARE SUCCESSFUL, STABLE OPERATORS. KEY RECENT CAPITAL IMPROVEMENTS INCLUDE A ROOF REPLACED TWO YEARS AGO AND THREE OF THE FOUR SLEEVE A/C UNITS WERE INSTALLED IN 2024-2025 (INCLUDED). MONTHLY ASSOCIATION ASSESSMENT IS $815 AND COVERS EXTERIOR MAINTENANCE (ROOF, GUTTERS, BRICK, LANDSCAPING, AND SNOW REMOVAL), COMMON-AREA INTERIOR PLUMBING AND BOILER, AND HOT-WATER HEATER. ALL HOT-WATER TANKS WERE REPLACED APPROXIMATELY THREE YEARS AGO. THE MEDICAL SUITE INCLUDES THE 11101 S. ST. LOUIS ADDRESS AND FACES WEST. EVERY UNIT FEATURES A DOUBLE ENTRANCE AND IS DIVISIBLE, OFFERING FLEXIBILITY FOR FUTURE RECONFIGURATION. CALL TODAY FOR FINANCIALS AND TO SCHEDULE A TOUR OF THIS FULLY LEASED INCOME PRODUCER IN ONE OF CHICAGO'S MOST ACTIVE NEIGHBORHOOD COMMERCIAL CORRIDORS.
Highlights
- Age: Over 50 Years Old
- Lot Size: Under 1/2 Acre
- Sewer: City
- Water: City Water
False
Contacts
Charles Groebe
Coldwell Banker Realty
Location
Located at 3441 W 111th St, Chicago, IL 60655, this property is part of the Mount Greenwood neighborhood and Chicago market.
Contact Listing Broker
Charles Groebe
Coldwell Banker Realty