1857 W Chicago Ave
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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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 17-07-201-002-0000 | Improvements Assessment | $130,397 |
Land Assessment | $18,450 | Total Assessment | $148,847 |
PROPERTY TAXES
Parcel Number
17-07-201-002-0000
Land Assessment
$18,450
Improvements Assessment
$130,397
Total Assessment
$148,847
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1857 W Chicago Ave
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