Mixed-Use Property in
3612 W Roosevelt Road Chicago, IL 60624
3612 W Roosevelt Road, Chicago, IL, 60624
$799,000
For Sale
$799,000
COMMERCIAL - Chicago, IL
Property Size9,300 SF
Lot Size0.27 Acres
Price / SF$85.91
Days on Market219
Property Features for 3612 W Roosevelt Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 16143280580000
- Size
- 9,300 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 39979
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Brick
Listing agency
Pearson Realty Group
(773) 325-2800
Listed by
David McLennan · License #475165323
(773) 325-2800
Added: Dec 15, 2025 Updated: May 13 at 10:24PM Checked: Jul 22 at 1:06PM
MLS# 12533177
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.
This mixed-use property, located in Chicago, IL, comprises four separate addresses situated on approximately five city lots. The property at 3612 W. Roosevelt Rd. features two renovated residential apartments above approximately 4,500 square feet of warehouse or storage space. One apartment is a three-bedroom, one-bath unit, while the other is a two-bedroom, one-bath unit, each spanning approximately 1,350 square feet. The properties at 3614 and 3616 W. Roosevelt Rd. are internally connected, offering approximately 4,800 square feet of total space, with around 750 square feet designated as office space and the remainder as warehouse space. Some of this warehouse space is used for cold storage. The property at 3618 W. Roosevelt Rd. is primarily paved land with no improved structures, but it includes a small covered loading dock at the rear of the lot, used for loading and truck parking. In total, the property offers approximately 9,300 square feet of office and warehouse space, along with approximately 2,600 square feet of land used as a loading area, and two renovated apartment units totaling approximately 2,700 square feet of living space. The listing includes the properties at 3612, 3614, 3616, and 3618 W Roosevelt Rd.
Key Highlights
- Large mixed‑use property with 4 addresses on 5 city lots.
- Approximately 9,300 sq ft of office and warehouse space.
- Two renovated apartment units totaling approximately 2,700 sq ft (3 bed/1 bath and 2 bed/1 bath).
Local Financial Insights For Warehouse
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 | $87.7k | $9.43 |
| − Vacancy | −$4.8k | −$0.52 |
| EGI | $82.9k | $8.91 |
| − OpEx | −$12.4k | −$1.34 |
| NOI | $70.4k | $7.57 |
9,300 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.85M
$2.49M – $3.33M
NOI $199,541 @ 7.0% cap · market cap 24.97%
Second Best
Mixed Use
$2.24M
$1.96M – $2.62M
NOI $156,938 @ 7.0% cap · market cap 19.64%
Theoretical Best
Office A
$4.38M
$3.84M – $5.12M
NOI $306,945 @ 7.0% cap · market cap 38.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LDS Food Distributors ...
Big Box & Wholesale Store
La Garita De ...
Grocery & Convenience Store
Tony's Auto
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with warehouse, office, and residential spaces.
Where is this mixed-use property located?
The property is located at 3612 W Roosevelt Road Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Large mixed‑use property with 4 addresses on 5 city lots.; Approximately 9,300 sq ft of office and warehouse space.; Two renovated apartment units totaling approximately 2,700 sq ft (3 bed/1 bath and 2 bed/1 bath).
