1934 W Chicago Ave
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1934 W Chicago Ave
4,650 SF 100% Leased Retail Building Chicago, IL 60622 $1,592,000 ($342/SF) 7% Cap Rate
Investment Highlights
- Excellent West Town corner location.
- Highly desirable brick building.
- Located within the Chicago Avenue T.O.D boundaries.
- Stabilized asset with a strong tenant mix.
- Fully rehabbed arm chair investment.
- Broker Owned.
Executive Summary
1934 W Chicago Avenue is approximately 4,540 SF and is located on the corner of Chicago Ave and Winchester Ave in the heart of Chicago’s Ukrainian Village neighborhood. The property is currently fully occupied by three tenants, West Town Market, School of Rock, and one 3 bed, 2 bath residential unit. All three units have been fully rehabbed. The building also has an income producing electronic sign.
This corner location is next door to Dante’s Pizzeria and across the street from Roots Pizza, West Town Bakery, and Cleo’s Bar. The property is also just 1.5 blocks from the neighborhood grocery store, Mariano’s. This corner location with sidewalk cafe potential is ideal for an investor looking to enter the growing West Town/Ukrainian Village submarket.
This corner location is next door to Dante’s Pizzeria and across the street from Roots Pizza, West Town Bakery, and Cleo’s Bar. The property is also just 1.5 blocks from the neighborhood grocery store, Mariano’s. This corner location with sidewalk cafe potential is ideal for an investor looking to enter the growing West Town/Ukrainian Village submarket.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,650 SF
Building Class
C
Year Built
1908
Price
$1,592,000
Price Per SF
$342
Cap Rate
7%
NOI
$111,440
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.07 AC
Zoning
B3-2 - Community Shopping District
Parking
1 Space (0.22 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-06-433-042-0000 | Improvements Assessment | $55,572 |
| Land Assessment | $27,675 | Total Assessment | $83,247 |
PROPERTY TAXES
Parcel Number
17-06-433-042-0000
Land Assessment
$27,675
Improvements Assessment
$55,572
Total Assessment
$83,247
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1934 W Chicago Ave
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