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4238 Joliet Avenue Lyons, IL 60534 • Commercial - Business • Active

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Description

Investors DREAM!!! This is a Money Maker! This brick/frame mixed-use building presents an excellent investment opportunity. It features three apartments and two storefronts, housing a total of six tenants, including a rented two-car garage. Adjacent to the property is a substantial vacant land parcel, with zoning in a business district. 2R: Spacious 3 bed, 1 bath unit. 2F: Comfortable 2 bed, 1 bath unit. 1R: Cozy 2 bed, 1 bath unit. 4236 Storefront: Currently an office space. 4238 Storefront: Currently a beauty shop. The lot with the building totals 5,890 sq ft, with the building itself covering 4,298 sq ft. The adjacent vacant land lot is 5,878 sq ft. Additionally, there are three exterior parking spaces. The property needs TLC and is being sold in AS-IS condition, with the buyer to assume any village compliance repairs. This property is a must see, so schedule your appointment Today! This is a very unique opportunity for any investor or end user that wants to own a property and run their business from the location. The vacant lot would have to go in front of the Zoning Board to see if there is potential to build on that parcel of land. The lot is a great place to have social gatherings and enjoy. This property is located on the 4th of July parade route and is in the center of town. 1 block away from Village Parks and all City Hall events. This is the perfect location! Ask to see the violation list and buyer to assume. Property sold As Is. Must See!

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1919

General Information

County: Cook
Listed By:
Capital Investment Realty Group Inc 708-692-7283
MRED MLS
$499,900
Est. $3,604/mo
New to the Market Active
MLS#12773485
STATUSActive PROPERTY TYPECommercial - Business

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4238 Joliet Avenue, Lyons, IL 60534.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $499,900$499,900$499,900
Down Payment $99,980$17,497$124,975
Monthly Mortgage Amount $2,762$3,307$3,292
Taxes $696$696$696
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$220$0
Monthly Estimated Total $3,604$4,369$4,134

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