3327 Archer Avenue

Attention Investors, Developers & Rehabbers. Perfect opportunity to invest in a prime location! This corner mixed use 5 apartments plus storefront brick & frame property with an extra lot is in a up & coming sought after area known for it convenience to downtown, I 55 & choice of two Orange line stops. Original 12 foot ceilings. 8 Bedrooms, 7 Baths. 3 separate basements 1 with walk out. Storefront use to be a Bar that opened to outdoor deck and yard with private access to one of the basements. Owner began gutting bar for project but stopped. Now used as storage. Front building contains storefront with 2 BA on the main floor. Upstairs has two 1 BR 1 BA apartments. Middle building has one 2 BR 1 BA. Back building with newer siding has remodeled two 2 BR 2 BA units. 2nd floor has roof deck. All units have separate heat. The adjoining extra lot has a large newer 2 car cinder block & brick garage. Sold as is but with tons of potential and great possibilities! Located less than 5 min from I-55. Close to shopping, malls, restaurants, Charter Schools, Archer bus line at front door! Building is all owner occupied except for one unit. Family owned for 35 years. Neither seller or Broker make any representation as to the legality of the 2nd floor front. Apartment was split into 2 years before current ownership. RE taxes are $0 due to exemptions. 2019 second installment tax before exemptions = $3075. Address is 3327-29 S Archer and Back building address is 1857 W 33rd Place. Owner will entertain all reasonable offers.