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6835 W Higgins Avenue
Chicago IL 60656 US

$525,000

Active Listing ID 11077752
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Office

$525,000

Active Listing ID 11077752
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6835 W Higgins Avenue This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you'll add over $200k to the value of the building. If that's not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there's the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O'Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Office
  • Features
  • Floor Covering: Carpet, Tile
  • Roof Type: Composition, Membrane

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 525000
  • unparsedaddress: 6835 W Higgins Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60656
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 5746
  • livingareaunits: Square Feet
  • listagentfullname: Tyler Lewke
  • listagentemail: tyler@lewkepartners.com
  • listagentkey: 3yd-MREDIL-53276
  • listagentmlsid: 53276
  • listagentpreferredphone: 8154446790
  • listagentofficephone: 8154446790
  • listofficekey: 3yd-MREDIL-5082
  • listofficemlsid: 5082
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1958
  • listingcontractdate: 2021-05-05
  • listagenturl: https://successrealty.yourkwoffice.com/
  • countyorparish: Cook
  • parcelnumber: 13071150070000
  • constructionmaterials: Brick
  • flooring: Carpet, Tile
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Composition, Membrane
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MREDIL/11077752/?channel=rexren", "LeadRoutingEmail":"kim@lewkepartners.com", "BrokerName":"Keller Williams Success Realty", "ListingTitle":"Office - Chicago, IL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"peggysbaker@kw.com", "ListOfficeAddress1":"43 E. Crystal Lake Ave.", "ListOfficeAddress2":null, "ListOfficeCity":"Crystal Lake", "ListOfficePostalCode":"60014", "ListOfficeStateOrProvince":"IL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Keller Williams Success Realty", "ListBrokeragePhone":"815-444-6790", "ListBrokerageEmail":"peggysbaker@kw.com", "ListBrokerageWebsiteUrl":"https://successrealty.yourkwoffice.com/", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/c5ababc31f65d441011f6674ddd300a4/20150724161827452.png", "ListBrokerageUnparsedAddress":"600 Hart Road Suite 105", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Barrington", "ListBrokerageStateOrProvince":"IL", "ListBrokeragePostalCode":"60010", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2023-06-26T17:29:02Z", "Neighborhoods":[{"Name":"CHI - Norwood Park", "Description":null}], "Taxes":[{"TaxYear":"2020", "TaxAnnualAmount":15928, "TaxDescription":null}]}
Listing Changed: 3/26/2024 2:28:02 PM GMT
Source Updated Date: 5/4/2024 6:40:30 AM GMT

Courtesy of: Tyler Lewke, Keller Williams Success Realty, tyler@lewkepartners.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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