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2933-2937 N Southport Ave

3 Properties Offered at $472,500 in Chicago, IL

Investment Highlights

  • Prime Location: Three brand-new commercial spaces in the heart of Lake View, constructed in 2023.
  • Nearby Amenities: Just minutes from Fox Trot, Whole Foods, Burley School, Soul Cycle, Lincoln Park, and public transportation.
  • High Foot Traffic & Visibility: Large storefront windows for ample natural light, ideal for attracting customers.
  • Modern Upgrades: Fully renovated with a new heating system, plumbing, and high construction standards.

Executive Summary

For Sale: Three Commercial Spaces in the Heart of Lake View Neighborhood! Your business will thrive in the bustling center of Lake View, where we are offering three commercial spaces in a brand-new building constructed in 2023. Each space features large storefront windows that fill the rooms with natural light, creating a welcoming and attractive environment for your customers. Enjoy the convenience of being just a 10-minute or less walk to Fox Trot, Whole Foods, Dom's, Burley School, Soul Cycle, two 'L' stops, Lincoln Park, Schubas, Masonic Medical, Hamlin Park, and more. These versatile spaces are ideal for a restaurant, retail store, or beauty salon. Each space is fully renovated with a modern finish, including a new heating system and plumbing. The building, completed in 2023, ensures the highest standards of construction and design. Located in a vibrant area with high foot traffic, these spaces offer ample natural light and a prime location in a dynamic community with a mix of residential and commercial establishments. Don't miss this opportunity to establish your business in one of the most sought-after locations in Lake View. Contact us today to schedule a viewing and take the first step towards your new business venture!

Taxes & Operating Expenses (Pro forma - 2024)

Annual
Gross Rental Income $81,725
Other Income -
Vacancy Loss $4,086
Effective Gross Income $77,639
Taxes $16,000
Operating Expenses $11,585
Total Expenses $27,585
Net Operating Income $50,054

Taxes & Operating Expenses (Pro forma - 2024)

Gross Rental Income
Annual $81,725
Other Income
Annual -
Vacancy Loss
Annual $4,086
Effective Gross Income
Annual $77,639
Taxes
Annual $16,000
Operating Expenses
Annual $11,585
Total Expenses
Annual $27,585
Net Operating Income
Annual $50,054

Property Facts

Price $472,500
Price / SF $243.56 / SF
Cap Rate 9.45%
Sale Type Investment
Status Under Contract
Number of Properties 3
Individually For Sale 0
Total Building Size 1,940 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
2933-2937 N Southport Ave., 1st Floor - Unit 1, Chicago, IL 60657 Office/Retail Condo 460 SF 2023 -
2933-2937 N Southport Ave., 1st Floor - Unit 3, Chicago, IL 60657 Office/Retail Condo 840 SF 2023 -
2933-2937 N Southport Ave., 1st Floor - Unit 2, Chicago, IL 60657 Office Condo 640 SF 2023 -
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  • Listing ID: 33289692

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 2933-2937 N Southport Ave, Chicago, IL

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