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11131 S Michigan Avenue Chicago, IL 60628 • Commercial - Business • Active

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Description

Roseland/Pollman area, Mixed-use building, approximately 4,000 Sq. ft. consisting of first floor commercial space about -+ 2,500 Sq. ft. with basement and 2nd level residential unit of 3-bedrooms, 2-baths apartment in need of work to be brought to living condition. Just a few blocks east of one of Chicago's most unique historic districts Michigan Ave., and State St. corridor). Close to I-94 (Bishop Ford Freeway) and I-57. Nearby Metra Electric Line (Pullman / 111th St. station) Providing commuter access to downtown. Close to the National Park. Main level store is leased month to month for $1,000 per month. Zoning is B1-3 allowing retail storefronts and apartments above the ground-floor. Annual real estate taxes for 2024 were $3,277.00. 2025 City of Chicago announced $48.3 Million Mixed-Use project for the neighborhood.

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1908

General Information

County: Cook
Listed By:
Century 21 Circle 773-465-4200
MRED MLS
$129,000
Est. $890/mo
Active
SQUARE FEET4,000 MLS#12617867
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Moomey Moomey Team
 (563) 866-7272

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11131 S Michigan Avenue, Chicago, IL 60628.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $129,000$129,000$129,000
Down Payment $25,800$4,515$32,250
Monthly Mortgage Amount $610$759$784
Taxes $180$180$180
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$57$0
Monthly Estimated Total $890$1,096$1,064

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