Proud to present a 37-unit mixed-use retail & residential property located in the Greater Grand Crossing neighborhood of Chicago, IL. This property is located in a federal qualified opportunity zone and consists of (18) studio units, (10) one-bedroom, one-bath units, and (9) retail units. The property is 9.7 miles southeast of Midway International Airport and 10 miles from Chicago's central business district. The neighborhood has direct access to I-90 and the Chicago Skyway. This property gives an investor the opportunity to acquire a well-maintained asset with value add potential. Strong Rental Demand: The neighborhood surrounding the property exhibits a strong rental demand for both residential and commercial properties. This provides a favorable environment for investors looking to achieve stable rental income and potential appreciation over time. With ongoing urban development initiatives in the area, the property stands to benefit from future growth and appreciation. As the community continues to expand, the demand for mixed-use spaces is projected to increase, making this investment opportunity even more promising. Rental Income: The property's mixed-use nature allows for multiple streams of rental income from both residential and retail tenants, providing a diversified revenue base. With careful management and prudent financial planning, investors can achieve a competitive return on investment over time. Greater Grand Crossing is a historic and vibrant neighborhood located on the South Side of Chicago, Illinois. Known for its diverse community and rich cultural heritage, the area offers a mix of residential, commercial, and recreational spaces. With a strong sense of community and ongoing urban development initiatives, Greater Grand Crossing presents a promising and attractive place to live, work, and invest. Greater Grand Crossing has a significant historical background, dating back to the late 19th century. The neighborhood was originally established as a transportation hub, where several railway lines intersected, earning it the name "Grand Crossing." Over the years, it has evolved into a thriving community with a mix of architecture reflecting various eras, including charming historic homes and modern developments.
|2 months ago||Listing updated with changes from the MLS|
|4 months ago||Listing first seen online|