Property Details

Overview

Prime mixed-use investment opportunity located on one of Elmhurst’s busiest commercial corridors. The property consists of a ground-floor retail unit currently occupied by a music store and two residential apartments on the second floor (front and rear), each configured with 2 bedrooms and 1 bathroom. A full basement provides additional utility and storage space.The building measures 20 ft x 55 ft on a 20 ft x 57 ft lot, with a total interior area of approximately 3, 300 square feet. The property is equipped with two separate electric meters, gas meters, and boilers.Financials: • Current monthly rental income: $6, 920 • All units fully leased with stable, paying tenants (delivered occupied) • Annual property tax: $9, 183Location Highlights: • Excellent visibility on Grand Avenue, Elmhurst’s thriving commercial strip • Direct access to Q58 bus service to Flushing Main Street • 9-minute walk to M/R subway lines • Surrounded by supermarkets, restaurants, laundromats, and neighborhood amenitiesZoning: R4, C1-3 (mixed-use)Rare opportunity to acquire a fully income-producing mixed-use property in a high-demand Elmhurst location with strong appreciation potential.