Prime corner retail property featuring a ground-floor store plus a fully renovated 3-bedroom, 1-bath residential apartment above. Each unit has its own separate heating system.
The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout.
This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property’s cash flow.
Conveniently located just 0.5 miles from the 103rd Street–Roosevelt Avenue subway station.
1st Floor (Retail): 24.81 x 48.14
2nd Floor (Residential): 24.81 x 36.25
Additional unused FAR, offering future potential. A strong, turn-key investment.