ClosedPrice Reduced

$160,000

$175,000
8058 Coles Avenue, Chicago, IL 60617
3 Beds2 Baths116 days
8058 Coles Avenue·Chicago, IL 60617
3Bedrooms
2Bathrooms
1925Year Built
About This Home

Unlock the potential of this prime mixed-use property located in the thriving South Chicago neighborhood! This unique offering sits on a double lot, providing ample space for a variety of business opportunities and residential living. The property features a well-maintained space on the ground floor that is currently utilized as a local community place of worship. Future use is ideal for retail, office, or service-oriented businesses. With large windows that allow for excellent visibility and natural light, this versatile space is ready for your creative vision. The interior boasts an open layout, which can easily be customized to suit your needs. Above the commercial area, you'll find a spacious residential unit complete with 3 bedrooms and 1 bathroom. This charming apartment features an open comfortable living area, perfect for tenants or owner-occupants. Enjoy the convenience of separate entrances for both the commercial and residential sections, ensuring privacy and functionality. The expansive double lot offers plenty of outdoor space for potential expansion, parking, or landscaping. Imagine creating a patio area for outdoor dining or a garden oasis in the heart of the city! Located in a bustling community, this property is just steps away from the lakefront, local amenities, public transportation, and major roadways, providing easy access to downtown Chicago and surrounding neighborhoods. Whether you're looking to invest, start your own business, or generate rental income, this mixed-use property presents a fantastic opportunity. Don't miss out on this rare find in South Chicago-schedule your exclusive showing today and explore the possibilities this property has to offer! Conveyed as-is. Property taxes prorated at 100% of most recent full year tax bill. Buyer will assume any/all violations.

MLS# 12139468Listed August 15, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms2
Total Rooms8

Size & Structure

Garage Spaces4
Year Built1925
Lot Size50X124

Location

CountyCook
TownshipHyde Park
Zip Code60617

Financial

List Price$160,000
Original Price$175,000
Annual Taxes (2023)$2,407
Monthly Tax Est.$201
Parcel #21312130460000
Interior Features

Heating

Natural GasForced AirSpace Heater

Basement

None
Exterior & Lot

Construction

Brick

Lot Features

Corner Lot
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

GarageOn SiteGarage OwnedDetached
HOA & Community

Community Features

ParkPoolLakeCurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$2,407
Tax Year 2023
Monthly Tax Est.
$201
per month
Price Reduced by $15,000
Original list price: $175,000
Property Location

8058 Coles Avenue, Chicago, IL 60617 — Cook County

$160,000
8058 Coles Avenue
3 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
116 days on market
4-car garage
50X124
$2,407/yr taxes
Price reduced $15,000
$1,041
estimated monthly payment
Principal & Interest
$841/mo
Property Tax
$201/mo
$160,000
20% — $32,000
3%50%
6.875%
3%12%
Loan Amount
$128,000
Down Payment
$32,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams ONEChicago
Agent: James Salazar
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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