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3620 W 16th St
Chicago, IL 60623
Retail Property For Sale
Property Facts
About 3620 W 16TH ST , CHICAGO, IL 60623
Rarely available cash cow! This property is priced at a 16% cap rate. Property has recently gone through 250K+ renovations, originally 5 storefronts now combined into 4 & an additional 4 apartments, total of 8 units. All commercial tenants are running positive profits. Some long-term residential tenants with over 40 years occupancy. Features new electrical circuit breakers, hardwired CO2 & fire alarms, new plumbing throughout, new beams & joists where needed, new chimneys, new heating unit in commercial spaces, newer heating units in apartments. Each tenant has separate heat & hot water tank. Tenants control individual thermostats & have individual utilities. Income of $8,000 monthly!
Property Taxes
| Parcel Number | 16-23-129-020-0000 | Improvements Assessment | $59,865 |
| Land Assessment | $6,526 | Total Assessment | $66,391 |
Property Taxes
