SQUARE FEET4,375
MLS#12660583
STATUSNew
PROPERTY TYPECommercial - Business
Property Description
**PRE-FORECLOSURE OPPORTUNITY - RECEIVER APPOINTED - CASH OFFERS PREFERRED** Mixed-use investment opportunity located at 3935 S. Kedzie Ave., Chicago, IL. This property is currently in pre-foreclosure, with a court-appointed receiver managing the asset, and ownership is seeking a prompt sale. The building features a spacious banquet hall/event venue on the main level, offering significant potential for event operations, community gatherings, entertainment uses, or redevelopment opportunities. The first floor includes a kitchen area and two bathrooms to accommodate guests and event attendees. The second level consists of seven fully occupied SRO (Single Room Occupancy) units, along with a shared kitchen and two additional bathrooms and the tenants will be moving before the sale. The basement offers substantial storage space and utility areas, while the rear of the property includes a garage and additional parking spaces. The property is being sold as-is and currently has municipal/building violations that will be the responsibility of the buyer to investigate and address after closing. Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, code compliance, and any outstanding requirements. Located on a prominent corner lot in Chicago's Brighton Park area, this property presents numerous possibilities for investors, owner-operators, and developers seeking a value-add asset with income-producing components. Receiver-appointed sale. Cash offers strongly preferred. Property is being marketed for a quick sale and is best suited for investors, developers, or experienced operators seeking a redevelopment or repositioning opportunity. Don't miss this opportunity to acquire a unique mixed-use property with existing residential income, event space potential, and strong upside in a desirable Chicago location.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.13 Acres
Stories: 2.0
Taxes: $6,830
Year Built: 1916
Feature Descriptions
Current Use: Other
Electric: Circuit Breakers, Service - 101 to 200 Amps
Exterior: Brick
Fire Protection: Fire Extinguisher/s
HVAC: Forced Air, Gas
Location: Corner
Lot Dimensions: 25X125
Parcel#: 19011040010000
Tenant Pays: Varies by Tenant
Units: 7
Listed By / Shown By
Listed By
Agency Name: Keller Williams ONEChicago
Agency Phone: 312-216-2422
Shown By
Agent Name: Margaret "Marge" Bowen
Agent Phone: (815) 222-5665
Agency Title: Gambino Realtors
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3935 S Kedzie Avenue | MLS# 12660583
This commercial property located at 3935 S Kedzie Avenue , Chicago, IL 60632 is currently listed for sale with an asking price of $230,000. Search Chicago real estate on mbowen.gogambino.com today.