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3525 W Ogden Ave
1,100 SF 100% Leased Retail Building Chicago, IL 60623 $30,000 ($27/SF)
Executive Summary
This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/.
This is not a traditional sale.
Differences:
You must apply on the CCLBA Website prior to touring property.
You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens.
Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation.
You will need a contractor’s estimate to bring property to occupancy permit.
You will need a letter or email of support from the Village or City.
You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing.
Buyers pay their own brokers directly.
Similarities:
I am here to help you navigate through the process.
This is not a traditional sale.
Differences:
You must apply on the CCLBA Website prior to touring property.
You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens.
Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation.
You will need a contractor’s estimate to bring property to occupancy permit.
You will need a letter or email of support from the Village or City.
You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing.
Buyers pay their own brokers directly.
Similarities:
I am here to help you navigate through the process.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
1,100 SF
Year Built
1962
Price
$30,000
Price Per SF
$27
Percent Leased
100%
Building Height
1 Story
Building FAR
0.17
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
C1-2
Frontage
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16-23-416-087-0000 | Improvements Assessment | $19,808 |
| Land Assessment | $20,443 | Total Assessment | $40,251 |
PROPERTY TAXES
Parcel Number
16-23-416-087-0000
Land Assessment
$20,443
Improvements Assessment
$19,808
Total Assessment
$40,251
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3525 W Ogden Ave
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