Contact us: 563.441.1776
Description
Perfectly positioned in a residential neighborhood, use as a condo upstairs with a business below, or, transform the current commercial space in to residential. Flexible building perfect for investment or personal use. Current use is a condo rental upstairs, hair salon and office (with separate hallway entrance) on first floor. Renters are on a month-to-month, both are long time tenants. Salon pays their electric. Residential unit pays no utilities. Washer/dryer connection in building. Fenced backyard, perfect for entertaining or gardening, with decorative metal fencing at front of building on each side. Detached, oversized garage with extra storage/workshop, in need of cosmetic work. Electric box replaced 2025. Roof seal coat in 2018. Ample street parking. Deck 2 years old. Gas cooking in apartment. 1 heater for the building. Slab foundation, no basement. Salon has 3 plumbing outlets but only 1 is presently being used. Grant money available on this property call Rick S at BMO Mortgage for more details.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1955
General Information
County: Cook
Listed By:
Laraine Hanson
630-935-4955
MRED MLS
MLS ID: 12585115
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7847 S Maryland Avenue , Chicago, IL 60619.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $195,000 | $195,000 | $195,000 |
| Down Payment | $39,000 | $6,825 | $48,750 |
| Monthly Mortgage Amount | $910 | $1,117 | $1,185 |
| Taxes | $271 | $271 | $271 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $86 | $0 |
| Monthly Estimated Total | $1,281 | $1,574 | $1,556 |
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