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8035 S Honore Street Chicago, IL 60620 • Commercial - Office • Active

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Description

Excellent opportunity, located in a designated Opportunity Zone, former elementary school could fit many of your needs. Eight classrooms, computer lab, 2 offices, vending area w/storage, gynasium/lunchroom w/men & women washrooms; wired with phone and internet services. Secured fenced playground and full basement. The redevelopment of this property is supported by local political leaders, and there is strong potential for city and state grants and funding for redevelopment for education, family and social services, and early childhood / daycare use. That makes it a strong fit for buyers looking to serve the Auburn Gresham community.

Property Highlights

Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 1950

General Information

County: Cook
Listed By:
Choice Realty Group Inc. 773-782-6679
MRED MLS
$1,350,000
Est. $9,641/mo
New to the Market Active
MLS#12771455
STATUSActive PROPERTY TYPECommercial - Office

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8035 S Honore Street, Chicago, IL 60620.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,350,000$1,350,000$1,350,000
Down Payment $47,250$0$270,000
Monthly Mortgage Amount $8,930$9,407$7,368
Taxes $1879$1879$1879
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $811$0$0
Monthly Estimated Total $12,014$11,680$9,641

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