1800 S Blue Island Ave
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1800 S Blue Island Ave
11,000 SF 100% Leased Retail Building Chicago, IL 60608 $2,056,000 ($187/SF) 8% Cap Rate
Investment Highlights
- A blend of terra cotta (second level) and blond brick with windows on the main level
- The Property boasts a significant street presence with over 15,000 daily vehicle impressions.
- Prime corner location at the busy six-corner intersection of Blue Island / Loomis & 18th Street in Pilsen.
- Tenants include Wintrust Financial Bank, La Susheria Cocina Fusion, and ten live-work tenants
Executive Summary
The Property consists of approximately 11,115 SF of building area spread across a 96% occupied 2-story masonry building, which includes two retail spaces on the first floor and ten live-work units on the second floor. Recent capital improvements include new windows on the second floor, a 3-phase electrical service, upgrades to common area bathrooms and HVAC repairs.
Broker Owned Property
Broker Owned Property
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,000 SF
Building Class
C
Year Built
1931
Price
$2,056,000
Price Per SF
$187
Cap Rate
8%
NOI
$164,469
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.94
Land Acres
0.13 AC
Zoning
C1-2, Chicago
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-20-311-032-0000 | Improvements Assessment | $115,137 |
| Land Assessment | $6,829 | Total Assessment | $121,966 |
PROPERTY TAXES
Parcel Number
17-20-311-032-0000
Land Assessment
$6,829
Improvements Assessment
$115,137
Total Assessment
$121,966
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Tyler Dechter -
Ari Topper -
Owen Wiesner -
Baum Realty Group, LLC
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1800 S Blue Island Ave
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