7929 Ogden Avenue
Lyons, IL 60534

This multi-unit dwelling is very well-maintained and it makes money! It is centrally located to restaurants, the river walk, transportation and so much more! This is a solid, corner, two-story, brick building featuring two commercial storefronts and two apartments along with nine outdoor parking spaces and three garage parking spaces! And a yard! The main, commercial storefront on Ogden Avenue features an established computer and smartphone repair shop with raving on-line reviews; this commercial storefront features about 1,000 square feet along with a half bathroom and additional basement storage; this business pays $1,500 per month - like clockwork. There is a second commercial storefront along the exterior parking line and it is vacant; the business possibilities are endless; you can use it for your business or you can rent it to a myriad number of business (i.e., hair salon, nail salon, balloon business or an office); one can also easily collect $750 per month in this vacant space. The second floor consists of two apartments. The studio apartment is cozy and quaint; the tenant has lived in that space for decades and he pays $750 per month. The large, three-bedroom, one bathroom unit is huge and the tenants pay $1,400 per month, and the tenants are perfect! Additionally, the three garage spots are also rented collectively for $300 per month. A lot of commercial properties do not make money. This one does! Show and sell! A true 10. IMPORTANT NOTE: The Seller has an assumable mortgage on this property. The Seller owes $172,000 on this property. The interest rate is fixed at 4%. This means that, for example, if the Buyer purchases this building at $425,000 and if the Buyer puts down the difference between $425,000 and $172,000, or puts a down payment of $253,000 ($425,000 minus $172,000), then the Buyer can take over the payments and the interest rate at 4%, which is a huge plus. The benefits include: a) a dirt cheap fixed rate at 4%, b) avoiding today's interest rates, c) paying down principle quickly because the Seller has been in the loan since 2018 and d) avoiding commercial loan fees and avoiding continually refinancing the loan with a commercial bank! This is a huge plus!