Wow! Discover this Corner Brick Building, Proven Money-Making Investment with 5-Units/Stores on High Traffic Business Corner! You will Love the High Income & Low Expenses! Investors: Fully Rented & Wonderful CAP RATE of 11.5% & GRM of 6.9%. 1st Hair Salon, Dry-Cleaners, & Retail Store have Central Heat & Air Conditioning (which are only 3 years old), Newer Circuit Breakers (5 years) Full-Unfinished Basement. Easy to Show! Neighborhood Description New City is the official name of a community of nearly 52,000 people roughly edged by Pershing Road, Western Avenue, 55th Street and the railroad tracks east of Halsted Street. New City is composed of two neighborhoods, Back of the Yards and Canaryville, whose histories are linked to the stockyards that put Chicago on the map in the mid-19th Century. There are many educational opportunities and options in New City. The area boasts a number of pre-schools, elementary and high schools. This includes Coleman Elementary, Graham Elementary, Garfield Alternative High School, Graham Primary, McKinley Fellowship Head Start, Milton Olive APC, Parkman Elementary, St. Gabriel’s School, Thomas A. Hendrick’s Community Academy and Tilden High School. This area is in the process of a residential homes and commercial properties revitalization.
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