956-958 N Central Park Ave
Chicago, IL 60651
958 N Central Park Ave · Retail Property For Sale

958 N Central Park Avenue is a 100% occupied 6-unit mixed-use property located on the Corner of N Central Park and W Augusta. Although the property is fully occupied, prospective purchasers can create additional revenues by updating the residential units, creating storage in the large basement area and by creating an onsite laundry area. The three (3) ground units are commercial retail spaces and have just been signed on to new long term leases with NNN reimbursements. The three (3) 2nd floor units are residential (2x2bed/1bath & 1x3bed/1bath) and are 20-30% under market value. All leases are flexible and would allow for removing tenants for any reason with advanced notice. With only modest updates to the unit, potential buyer(s) can increase rents to the current market rate. The secure parking lot provides additional income from residents and local businesses. The recently added CCTV with 24/7 monitoring and privacy screening provides significant security for the tenants and allows the Landlord or their agent to monitor the property remotely. The local property management company provides turn key services by collecting all rents, performing repairs, bill payment, notices, etc. SELLER MAY OFFER FINANCING TO PURCHASERS WITH ADEQUATE FINANCIAL STRENGTH.