1441-1455 W 103rd St., Chicago, IL 60643
1441 W 103rd St
About This Property
This all-brick, mixed-use building in Chicago's East Beverly neighborhood has been standing strong since 1904. With 12 total units, 6 retail storefronts on the main floor and 6 residential apartments on the second, the property offers a diverse income stream and real upside for an investor willing to put in the work.
Positioned on 103rd Street, one of Beverly's main commercial corridors, the storefronts benefit from consistent vehicle and foot traffic. Both the apartments and retail spaces have historically leased quickly with minimal marketing. Rents are currently well below market, giving the next owner room to increase income through better management alone.
The building sits on an oversized 29,246 sq ft lot with a large garage structure south of the main building. That extra space presents real potential, whether for additional units, covered parking, or storage to generate more revenue. Out back, tenants currently use a shared gathering area for cookouts and relaxation. Over a dozen parking spots are available behind the building as well.
All units are equipped with central HVAC for heating and cooling, upgraded in the early 2000s. Roofs have been resealed within the past five years. At the current asking price, the property is delivering above an 8% cap rate, with a clear path to 10%+ for an owner who brings rents in line with the market.
Property Highlights
- 12-unit mixed-use building: 6 retail storefronts + 6 residential apartments
- All-brick construction, built 1904
- Oversized 29,246 sq ft lot with expansion potential
- Central HVAC (heating and cooling) upgraded in the early 2000s
- Roofs resealed within the past 5 years
- Flat roof structure
- 12+ parking spaces in the rear of the building
- Large garage structure south of the main building
- Tenants pay air conditioning, electric, and heat
- Separate electric meters, circuit breakers, 101-200 amps
- Wood flooring throughout
- Fire extinguishers and carbon monoxide detectors
Investment Overview
All figures sourced from the MLS listing sheet. Operating expense projections are broker estimates and should be independently verified.
Capital Improvements
Location & Neighborhood
East Beverly is one of Chicago's South Side neighborhoods with a strong sense of community and established residential blocks. The property sits on 103rd Street, a main commercial thoroughfare that draws steady vehicle and foot traffic from the surrounding area. The neighborhood offers convenient access to local amenities, transit, and parks.
- Located on 103rd Street, a main Beverly commercial corridor
- Strong vehicle and foot traffic for retail tenants
- Chicago South geographic locale
- Easy access to major South Side transit routes
- Established residential neighborhood surrounding the property
- Near Beverly Hills, Morgan Park, and Washington Heights
- Cook County, Lake Township
Financing
Financing details available upon request.
Property Details
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1441 W 103rd St, Chicago, IL 60643
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