4748 S Ashland Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4748 S Ashland Ave
13,719 SF 60% Leased Retail Building Chicago, IL 60609 $695,000 ($51/SF) 7.19% Cap Rate
Investment Highlights
- Fully Renovated First Floor Two Story Building
- Retail & Land for Sale
- Dedicated Fenced In Lot
- 2nd Floor Value-add Potential
- Long Term Tenant
- High Visibility Hard Corner
Executive Summary
Introducing a prime investment opportunity in the Back of the Yards neighborhood at 4748 South Ashland Avenue, Chicago, IL, 60609. This 10,000 SF, 2-story building offers a spacious and versatile layout, ideal for office building use + 3 city lots of crucial & suburb parking-2,228 SF. Situated in the vibrant Chicago area, this property presents a compelling opportunity for investors seeking a strategic addition to their portfolio. With its prime location and ample space, this property is primed to meet the demands of modern businesses. Take advantage of this rare chance to secure a valuable asset in a thriving commercial real estate market.
-Versatile office space in a high-demand area.
-Recently renovated and well-maintained building.
-Excellent visibility and accessibility with a high walk score of 85/100.
-City Reinvestment Opportunity.
-Invest South West corridor.
-Potential for customization & value-added potential to suit specific business needs.
-Ample parking with a fenced-in lot for employees and visitors.
-Proximity to critical amenities and transportation options.
-Strong potential for rental income or owner-occupation.
-Potential for value appreciation in a thriving market.
-Versatile office space in a high-demand area.
-Recently renovated and well-maintained building.
-Excellent visibility and accessibility with a high walk score of 85/100.
-City Reinvestment Opportunity.
-Invest South West corridor.
-Potential for customization & value-added potential to suit specific business needs.
-Ample parking with a fenced-in lot for employees and visitors.
-Proximity to critical amenities and transportation options.
-Strong potential for rental income or owner-occupation.
-Potential for value appreciation in a thriving market.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$87,268
|
$6.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,268
|
$6.36
|
| Taxes |
$34,543
|
$2.52
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,543
|
$2.52
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $87,268 |
| Annual Per SF | $6.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $87,268 |
| Annual Per SF | $6.36 |
| Taxes | |
|---|---|
| Annual | $34,543 |
| Annual Per SF | $2.52 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $34,543 |
| Annual Per SF | $2.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,719 SF
Building Class
C
Year Built/Renovated
1912/2019
Price
$695,000
Price Per SF
$51
Cap Rate
7.19%
NOI
$49,989
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.02
Land Acres
0.31 AC
Zoning
B3-3, Chicago
Parking
15 Spaces (1.09 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Kreative Kids Academy
- Educational Services
- 5,492 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Kreative Kids Academy | Educational Services | 5,492 SF | - | - |
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 20-07-207-060-0000 | Total Assessment | $138,329 (2023) |
| Land Assessment | $29,324 (2023) | Annual Taxes | $34,543 ($2.52/SF) |
| Improvements Assessment | $109,005 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
20-07-207-060-0000
Land Assessment
$29,324 (2023)
Improvements Assessment
$109,005 (2023)
Total Assessment
$138,329 (2023)
Annual Taxes
$34,543 ($2.52/SF)
Tax Year
2024
-
Terri Cox -
David Cordova -
Matanky Realty Group
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
4748 S Ashland Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.