Price Reduction, PVT parking lot | 3936 N Central Ave
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Price Reduction, PVT parking lot 3936 N Central Ave
1,300 SF Office Building Chicago, IL 60634 $239,500 ($184/SF)
Investment Highlights
- Building currently houses podiatrist practice
- Corner lot
- Private 12 car parking lot
- Office / Medical
- Generous zoning for redevelopment / conversion ideas
- Close proximity to Portage Park Senior Center, Park, Dog Park
Executive Summary
This prime corner site offers a wide range of options. Update current building or redevelop 5,700 sf lot. Mixed use with office, medical or retail with condos or apartments on upper levels. Build up to 38' per current zoning. Possible to request a height variance for 3-4 story building. Alderman bullish on new development that enhances Portage Park. See the mixed use rendering provided.
Portage Park is located on the northwest side of the City of Chicago, Illinois and is one of 77 officially designated Chicago community areas. Portage Park is bordered by the community areas of Jefferson Park and Forest Glen to the north, Dunning and the suburb of Harwood Heights to the west, Irving Park to the east and Belmont-Cragin to the south.
The area is notable for its Six Corners outdoor shopping district, centered at the intersection of Irving Park Road, Cicero Avenue and the diagonal Milwaukee Avenue, the Portage Theater and for its namesake - Portage Park.
Portage Park is located on the northwest side of the City of Chicago, Illinois and is one of 77 officially designated Chicago community areas. Portage Park is bordered by the community areas of Jefferson Park and Forest Glen to the north, Dunning and the suburb of Harwood Heights to the west, Irving Park to the east and Belmont-Cragin to the south.
The area is notable for its Six Corners outdoor shopping district, centered at the intersection of Irving Park Road, Cicero Avenue and the diagonal Milwaukee Avenue, the Portage Theater and for its namesake - Portage Park.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,300 SF
Building Class
C
Year Built
1970
Price
$239,500
Price Per SF
$184
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,300 SF
Building FAR
0.23
Lot Size
0.13 AC
Zoning
B3-1
Parking
12 Spaces (9.23 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 13-20-203-042-0000 | Total Assessment | $46,029 |
| Land Assessment | $25,857 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $20,172 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
13-20-203-042-0000
Land Assessment
$25,857
Improvements Assessment
$20,172
Total Assessment
$46,029
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Price Reduction, PVT parking lot | 3936 N Central Ave
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