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    3916 N Broadway St Chicago, IL 60613

    For Sale
    $1,300,000

    Condominium - Chicago, IL

    Type:Condominium
    Property size:
    3,608 SF
    Days on Market:
    126
    Last Refresh:
    Dec 8 at 3:06 pm

    Property Features for 3916 N Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Condominium
    Standard status
    Active
    Zoning
    RTAIL
    APN
    14202070381009
    Size
    3,608 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1897
    Number of units
    8
    Flooring type
    Carpet, Tile, Wood
    Roof type
    Membrane
    Architectural style
    Other

    Pearson Group LLC (773) 325-2800 [email protected]

    Listing agent Aaron Spiro (773) 325-2800 License #475192695

    Listing date Aug 5, 2025

    MLS# 12412170 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Medical Space in Lakeview

    This completely renovated medical space is located along N Broadway in the Lakeview East neighborhood of Chicago. The property consists of two fully built-out medical units, totaling approximately 3,600 square feet of rentable space. The units share a common entry but can be easily combined. The property features 90 feet of frontage along N Broadway and includes 4 parking spaces. Currently, the units are leased to two medical tenants, Wellness Home At NorthStar Healthcare & Vesper Aesthetics, under NNN leases with over 5 years remaining, paying $29.00 per square foot. The units include spacious basements, ample plumbing, exam rooms with sinks, kitchens, break rooms, labs, and washer-dryers. Renovations were completed in April 2023, are up-to-code and ADA compliant, and feature stylish design and high-quality materials and fixtures. The property is suitable for investors or owner-users. The current owner, Vesper Aesthetics, will sign a 5-year NNN lease at $29 per square foot upon closing. This commercial property is located in a high-demand retail corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GGI | Great Guys, ... Commercial Printer Cuddles United Animal Shelter Perry Farella, NMLS: ... Financial Consultant Vesper Medical Spa HOLY FADE! Hair ... Hair Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    GoodVets Uptown (Chicago), Wagnolia Veterinary Clinic, Edward Holub, Fauna Veterinary Care, The Royal Treatment Veterinary Center

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6499484
    Latitude
    41.9532411

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical condo in prime Chicago location with strong tenants.
    Where is this medical office located?
    The property is located at 3916 N Broadway St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Two fully built-out medical units totaling approximately 3,600 sq ft of rentable space.; - Currently leased to two thriving, high-quality NNN medical tenants with 5+ year leases, paying $29.00 NNN.; - 90 feet of frontage along N Broadway in Lakeview East, a high-demand retail corridor.
    (773) 325-2800
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    3916 N Broadway St Chicago, IL 60613
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    Chicago, IL 60613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3916 N Broadway St Chicago, IL 60613
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