3214 W Bryn Mawr Avenue Chicago, IL 60659
COMMERCIAL - Chicago, IL
- Added:
- Mar 11, 2025
- Days on Market:
- 489
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 3214 W Bryn Mawr Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13024330240000
- Size
- 2,900 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 9162
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Mar 11, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Established dry cleaning and alterations business with real estate included.
- Prime location near Kedzie and Bryn Mawr Avenues with high visibility.
- Strong 2024 annual gross income of $160,000.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $21.60 |
| − Vacancy | −$5.3k | −$1.84 |
| EGI | $57.3k | $19.76 |
| − OpEx | −$17.2k | −$5.93 |
| NOI | $40.1k | $13.83 |
