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Mixed Use-Offices and 6 Apartments 7922 S Pulaski Rd 9,000 SF 66% Leased Office Building Chicago, IL 60652 $1,729,237 CAD ($192.14 CAD/SF)



EXECUTIVE SUMMARY
Once in a lifetime opportunity with this commodity mixed-use building in excellent rental location. Longtime ownership. This building was custom built by the original Gallagher & Henry Builders for their headquarters while building the luxury residential units in the Bogan Manor and Ashburn areas. The main level features two commercial/office spaces - 1N has 1,400 sq ft with private offices, two restrooms, and direct access to the two-car attached garage; 1S has 1,700 sq ft with open office spaces along with private office areas and large educational/conference room, two bathrooms, and ample storage. Each of these units has a separate GFA/CA heating system paid for by the tenant. The main level also has a large coin-operated laundry room along with individual storage closets for each residential tenant. The second level has six 4-room, 1-bedroom units - living room, dining room, galley kitchen with pantry, extra closets, and the bedroom. Each of the four corner units has two closets in the bedroom, one a walk-in. The apartments (fully rented) are all-electric, tenant paid and include the refrigerator and range/oven. The parcel has two PINs - the stated tax amount is for both PINs. Sought-after private on-site fenced parking lot for 17 vehicles - each apartment includes one space at the back of the building - recently resurfaced and upgraded. This is Flexicore construction - all face brick exterior. Each commercial unit has a furnace room. One 100-gallon water tank for the building. Many upgrades throughout. All units have leases. Building measures 50'x90' - approximately 9,000 sq ft. Overall lot size is 87'x130'. Truly a remarkable opportunity for owner-user or investor. Entire property is in excellent condition - in and out.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$164,872
|
$18.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$164,872
|
$18.32
|
| Taxes |
$26,102
|
$2.90
|
| Operating Expenses |
$34,560
|
$3.84
|
| Total Expenses |
$60,662
|
$6.74
|
| Net Operating Income |
$104,211
|
$11.58
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $164,872 |
| Annual Per SF | $18.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $164,872 |
| Annual Per SF | $18.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,102 |
| Annual Per SF | $2.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,560 |
| Annual Per SF | $3.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,662 |
| Annual Per SF | $6.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $104,211 |
| Annual Per SF | $11.58 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,000 SF
Building Class
C
Year Built
1969
Price
$1,729,237 CAD
Price Per SF
$192.14 CAD
Percent Leased
66%
Building Height
2 Stories
Typical Floor Size
4,500 SF
Building FAR
0.74
Lot Size
0.28 AC
Zoning
B3-1 - Current property use is mixed use with 6 apartments and 2 office storefronts
Parking
18 Spaces
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $119,248 CAD | |
| Land Assessment | $23,681 CAD | Annual Taxes | $26,102 CAD ($2.90 CAD/SF) |
| Improvements Assessment | $95,567 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,681 CAD
Improvements Assessment
$95,567 CAD
Total Assessment
$119,248 CAD
Annual Taxes
$26,102 CAD ($2.90 CAD/SF)
Tax Year
2024
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Mixed Use-Offices and 6 Apartments | 7922 S Pulaski Rd
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