574 Chili AVE #572 Pending Save Request In-Person Tour Request Virtual Tour
Rochester,NY 14611
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 5,781 sqft
Price per Sqft $37
Subdivision Gardiner Hom D Assn
MLS Listing ID R1580967
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,786
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 92X97
Property Sub-Type Apartment
Property Description
Incredible mixed-use investment opportunity in the heart of Rochester's high-visibility Chili Ave corridor! This solid brick and concrete building features a spacious commercial storefront with excellent street frontage, ideal for retail, salon, café, convenience store, or office (projected rent: $1,750/month — a conservative estimate for this prime location). Above the storefront are two oversized residential units: a 2 bed/1 bath projected at $1,250/month and a 1 bed/1 bath with an XL bedroom and huge kitchen projected at $950/month.
Both units offer large living rooms and include gated off-street parking—a rare bonus with 10 total spaces on site. Full basement adds valuable storage or workspace potential for the commercial tenant.
Projected Gross Rent: $3,950/month or $47,400/year.
Fixed Expenses: Taxes $4,786 | Insurance ~$3,500 | Refuse $2,000 | Water $800.
Even when applying a conservative 20% variable expense reserve, this property produces a projected 12.2% Cap Rate at the new list price of $219,500. For owner-operators or lean landlords, trimming reserves reveals a stunning 16.5% Cap Rate potential.
This property checks all the boxes: income, flexibility, upside. Whether you're launching your business and living upstairs, or fully leasing it out, this is a turn-key property with long-term value. Zoned and ready for mixed-use success in a thriving urban corridor. Don't miss your shot at securing one of the best returns in the city!
Location
State NY
County Monroe
Community Gardiner Hom D Assn
Area Rochester City-261400
Zoning Commercial
Direction North on Thurston, left on Chili, destination on the right.
Rooms
Basement Full
Interior
Heating Gas,Forced Air
Flooring Concrete,Hardwood,Varies
Inclusions Land, Building and Business
Fireplace No
Exterior
Utilities Available Sewer Connected
Roof Type Flat
Total Parking Spaces 10
Building
Lot Description Rectangular,Rectangular Lot
Building Description Brick,Concrete, Other,See Remarks
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Brick,Concrete
Construction Status Existing
Schools
School District Rochester
Others
Tax ID 261400-120-550-0003-017-002-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard