Description
1156 W Grand is comprised of 5 apartments and 1 commercial space currently operating as a Sushi Restaurant. Zoning is C2-2 and the building is 100% occupied. Renovations vary per unit. The commercial space occupies main level and half of the basement, which is used for food prep and storage. The other half of the basement is unfinished and used as storage for owner. Lease ends in 2026 with annual bumps of 3.2%. Commercial tenant pays 25% of RE taxes. 2-car garage in rear is used by the commercial tenant. 2nd floor is comprised of two large 1 bedrooms and a shared laundry room. 3rd floor is also comprised of two large 1 bedrooms. Units 2R and 3R do not have central AC. 4th floor is one massive 3 bedroom/2 bath unit with laundry in-unit. Rents below market and there is plenty of room to add more value. Alley access and 2-car garage in rear for the commercial space.
Location
Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 26th September, 2023 7:55 AM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 26th September, 2023 7:55 AM (UTC)
Listing Office: Downtown Realty Company
Attribution contact: 312-772-4194
