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2711 E 93rd Street Chicago, IL 60617 Commercial - Retail Active

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Description

Cash Flow King! Unique Opportunity in the Heart of South Chicago, Commercial 2-Unit with Endless Potential! Investors, take note! This commercial/residential hybrid is a rare find in the Chicago market, especially close to the new Quantum and Microelectronics Park, offering immediate income and massive value-add potential. Whether you're looking to build your portfolio or find a live-and-earn property, this 2-unit powerhouse is ready to perform. Unit 1 - Ground Floor Commercial Income. Currently fully rented and operating as a church, the first floor offers a sprawling, open-concept floor plan. With high visibility and its own half-bath, this versatile space is perfect for its current use or could easily transition into a retail storefront, professional studio, or office space in the future. Currently has 2 - half bathrooms. Unit 2: Spacious Residential Apartment. The second floor isn't just an apartment-it's a spacious, income-generating home. Value-Add Alert - Currently a massive 2-bedroom, 1-bath layout, there is dedicated space already in place to easily convert this into a 3-bedroom unit, instantly boosting your rental comps! Features include a bright living room and a massive eat-in kitchen that tenants will love. Extra Living Space- A heated back porch adds year-round square footage, making it a standout in the rental market. The Investor Specials - Dual Income Streams, Commercial and residential combined for maximum stability. Parking Perks- A 2-car garage (as-is) and plenty of street parking available-a high-demand asset in the city that can be rented separately for additional monthly cash flow. Turn-Key Ready - Currently rented out, so you can start seeing a return from day one. Whether you're looking to collect dual rent or move into the top floor while running your business below, this property is a rare find. Properties with this kind of versatility and growth potential don't stay on the market long.

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories

General Information

County: Cook
Listed By:
Exit Strategy Realty / EMA Management 312-767-0572
MRED MLS
$319,000
Est. $2,095/mo
New to the Market Active
SQUARE FEET2,376 MLS#12675739
STATUSActive PROPERTY TYPECommercial - Retail

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Ruhl&Ruhl Realtors
563.441.1776

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2711 E 93rd Street, Chicago, IL 60617.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $319,000$319,000$319,000
Down Payment $63,800$11,165$79,750
Monthly Mortgage Amount $1,551$1,929$1,971
Taxes $444$444$444
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$140$0
Monthly Estimated Total $2,095$2,613$2,515

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