3265 S Archer Ave
- Large 2 Bed/3 Bath Duplex Loft with Sauna
- New 5 Year Retail Lease
- 2 Car Garage w/ High Ceilings & Support to add Additional Floor or Deck
- Potential to Convert Garage to Retail/Apartment
- Oversized Lot - Parking for 6 Cars
- Below Market Rents | Immediate Value-Add Potential
- Easy Access to I-55, I-90 & CTA Orange Line
Property Description
This beautifully maintained and updated corner building consists of six apartments and two retail spaces. The retail units have recently been leased to a spa on a new 5 Year Lease with options. Five of the six apartments have been updated, including an expansive duplex loft ideal as an owner’s unit, featuring large windows, a high-end kitchen with Viking appliances, and a spa-like bathroom with a Jacuzzi tub and sauna. Abundant natural light enhances each unit, showcasing the property’s quality finishes and inviting atmosphere. All City of Chicago required updates have been completed, including newly paved basement floor, Fire Rated Drywall on the basement ceiling, electrical & new porch. Located on a large lot with street frontage along Archer Avenue, and the building also includes a two-car garage with high ceilings—presenting potential for conversion into additional residential or retail space, or continued use as income- generating parking. A large driveway provides additional parking for multiple cars, a valuable amenity and added income opportunity.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,550,000 |
| No. of Units: | 8 |
| Year Built: | 1881 |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Price per unit: | $193,750 |
| Property Website | Click Here |
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