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7922 S Pulaski Rd - Mixed Use-Offices and 6 Apartments 9,000 SF Specialty Building Offered at $1,250,000 in Chicago, IL 60652



EXECUTIVE SUMMARY
Once in a lifetime opportunity with this commodity mixed-use building in excellent rental location. Longtime ownership. This building was custom built by the original Gallagher & Henry Builders for their headquarters while building the luxury residential units in the Bogan Manor and Ashburn areas. The main level features two commercial/office spaces - 1N has 1,400 sq ft with private offices, two restrooms, and direct access to the two-car attached garage; 1S has 1,700 sq ft with open office spaces along with private office areas and large educational/conference room, two bathrooms, and ample storage. Each of these units has a separate GFA/CA heating system paid for by the tenant. The main level also has a large coin-operated laundry room along with individual storage closets for each residential tenant. The second level has six 4-room, 1-bedroom units - living room, dining room, galley kitchen with pantry, extra closets, and the bedroom. Each of the four corner units has two closets in the bedroom, one a walk-in. The apartments (fully rented) are all-electric, tenant paid and include the refrigerator and range/oven. The parcel has two PINs - the stated tax amount is for both PINs. Sought-after private on-site fenced parking lot for 17 vehicles - each apartment includes one space at the back of the building - recently resurfaced and upgraded. This is Flexicore construction - all face brick exterior. Each commercial unit has a furnace room. One 100-gallon water tank for the building. Many upgrades throughout. All units have leases. Building measures 50'x90' - approximately 9,000 sq ft. Overall lot size is 87'x130'. Truly a remarkable opportunity for owner-user or investor. Entire property is in excellent condition - in and out.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$119,180
|
$13.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,180
|
$13.24
|
| Taxes |
$18,868
|
$2.10
|
| Operating Expenses |
$24,982
|
$2.78
|
| Total Expenses |
$43,850
|
$4.87
|
| Net Operating Income |
$75,330
|
$8.37
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $119,180 |
| Annual Per SF | $13.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $119,180 |
| Annual Per SF | $13.24 |
| Taxes | |
|---|---|
| Annual | $18,868 |
| Annual Per SF | $2.10 |
| Operating Expenses | |
|---|---|
| Annual | $24,982 |
| Annual Per SF | $2.78 |
| Total Expenses | |
|---|---|
| Annual | $43,850 |
| Annual Per SF | $4.87 |
| Net Operating Income | |
|---|---|
| Annual | $75,330 |
| Annual Per SF | $8.37 |
PROPERTY FACTS
AMENITIES
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $86,200 | |
| Land Assessment | $17,118 | Annual Taxes | $18,868 ($2.10/SF) |
| Improvements Assessment | $69,082 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$17,118
Improvements Assessment
$69,082
Total Assessment
$86,200
Annual Taxes
$18,868 ($2.10/SF)
Tax Year
2024
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7922 S Pulaski Rd - Mixed Use-Offices and 6 Apartments
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