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1857 W Chicago Ave

5,200 SF 100% Leased Retail Building Chicago, IL 60622 $1,995,000 ($384/SF) 7% Cap Rate

Executive Summary

Fabulous turnkey new construction 4-unit mixed use building that is fully leased with strong financials. Three 3 bedroom 2 bath condo quality units with in-suite primary bath with freestanding tub, fireplaces hardwood throughout, and modern Italian kitchens with stainless steel appliances. Each unit has rear deck with skyline views. Every floor is about 1600 sq. ft. Common roof deck and parking for each unit in rear. Retail space fully leased. Strong NOI. Near public transportation and multiple restaurant and bar options as well as grocery store on the next block.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,200 SF
Building Class
B
Year Built
2018
Price
$1,995,000
Price Per SF
$384
Cap Rate
7%
NOI
$139,638
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.54
Land Acres
0.08 AC
Zoning
B3-2
Frontage
100 FT on W Chicago Ave
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Mariano's
Starbucks
Citi
Anytime Fitness
PNC Bank
CrossFit
Goldfish Swim School
Pepe's Mexican Restaurants
Yolk
9round Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-07-201-002-0000
Land Assessment
$18,450
Improvements Assessment
$130,397
Total Assessment
$148,847
  • Listing ID: 32030052

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 1857 W Chicago Ave, Chicago, IL 60622

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