4455-4577 N Milwaukee Ave
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4455-4577 N Milwaukee Ave
5,500 SF 100% Leased Retail Building Chicago, IL 60630 $750,000 ($136/SF) 5.53% Cap Rate
Investment Highlights
- Highly visible thoroughfare of Chicago
- Strong long term tenant
- Oversized garage and loading dock / rollup door
- 12' ceilings throughout
Executive Summary
Golden opportunity in the coveted Portage Park neighborhood of Chicago! Presenting a prime commercial property that combines an income-generating martial arts school with immense potential for owner-occupancy or rental income. The property features two units, with the first unit currently occupied by a successful martial arts school, providing a steady rental income. The second unit is owner-occupied and is currently utilized as a printing center, offering the flexibility for the new owner to continue operating their own business or to lease out the space additional income. 1250 SF loading dock / driveway is connected available for use by both spaces. This versatile property caters to a range of possibilities and investment strategies. The property enjoys excellent visibility and benefits from the neighborhood's thriving commercial landscape. Schedule a viewing today and turn your investment dreams into reality.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
C
Year Built/Renovated
1955/1995
Price
$750,000
Price Per SF
$136
Cap Rate
5.53%
NOI
$41,510
Percent Leased
100%
Building Height
1 Story
Building FAR
0.75
Lot Size
0.17 AC
Zoning
B3-1, Chicago - Commercial, Shopping centers, large stores, and retail storefronts, often along major streets. Allows more types of businesses than B1 and B2 district
Parking
6 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
47 FT on North Milwaukee Avenue
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Daeryun Huh
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- K & B Family Martial Arts
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Suite C
- Transportation and Warehousing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Daeryun Huh | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| K & B Family Martial Arts | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Suite C | Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | - |
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $126,170 (2024) | |
| Land Assessment | $64,934 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $61,236 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$64,934 (2024)
Improvements Assessment
$61,236 (2024)
Total Assessment
$126,170 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024
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4455-4577 N Milwaukee Ave
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