2008 S Pulaski RoadChicago, IL 60623

Description

Well-located mixed-use building on high-traffic Pulaski Road - a hard corner with steady visibility in North Lawndale - offering three residential units above ground-floor commercial space. Excellent access to public transit, the Illinois Medical District, and the I-290 corridor, in a submarket drawing continued public and private investment along the Pulaski and Ogden corridors. The property suits an investor seeking diversified income or an owner-operator who wants to activate the ground-floor commercial space while leasing the units above. Strong value-add potential for a buyer who restores the storefront to commercial use or pursues the appropriate approvals for its current configuration. Unit configuration / use disclosure: Building comprises three residential units plus a ground-floor commercial unit (four total). The ground-floor commercial space is currently being used residentially, which is a non-conforming use. Buyer to independently verify unit count, zoning, permitted use, and legal occupancy with the City of Chicago and to satisfy itself as to any steps required to conform or continue the current use. Tax advantage: The 2025 assessment was successfully appealed at the Cook County Board of Review, reducing the assessed value from 48,063 to 32,013 - roughly a 33 pct reduction and an estimated annual savings of about $3,100. Post-appeal real estate taxes are projected in the ~$6,100-$6,400 range, meaningfully improving NOI and buyer returns. A rare mixed-use hold in an appreciating West Side submarket. Financials and lease summary available on request.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1904

Lot size

0.14 acres

Lot dimensions

50X125

Parking spaces

2

Ownership

Fee Simple

Days on market

37

MLS^® Listing#

12741395

Property Features

Heating

Natural Gas

Basement

Unfinished · Full

Construction

Brick · Stone

Roof

Flat

Community

Sidewalks · Street Lights

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$9,692Tax year 2024

Parcel number

16224200380000

Directions

TAKE PULASKI N/S TO 2008