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7847 S Maryland Avenue Chicago, IL 60619 Commercial - Business New

New - 9 Hours Ago
  • 7847 S Maryland Avenue , Chicago, IL 60619 Main Photo

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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
$195,000
Est. $1,269/mo
New to the Market New
SQUARE FEET1,628 MLS#12585115
STATUSNew PROPERTY TYPECommercial - Business

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7847 S Maryland Avenue , Chicago, IL 60619.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $195,000$195,000$195,000
Down Payment $39,000$6,825$48,750
Monthly Mortgage Amount $898$1,117$1,166
Taxes $271$271$271
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$86$0
Monthly Estimated Total $1,269$1,574$1,537

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