Uptown Mixed-Use Building For
4445-4447 N Broadway Avenue, Chicago, IL 60640
- Added:
- Jun 3, 2025
- Days on Market:
- 347
- Last Refresh:
- May 15 at 9:06 pm
Property Features for 4445-4447 N Broadway Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 14172250080000
- Size
- 3,846 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 25004
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1909
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Carpet, Wood
- Building materials
- Brick
Listing agent Ryan Luu License #471022102 (708) 634-0104
Listing office Real People Realty 9981 W. 190th St. Unit H, Mokena, IL (815) 469-7449
Listing date Jun 3, 2025
MLS# 12383284
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.
HighLights
- Prime Uptown location near shopping, restaurants, public transportation, lakeshore, parks, beaches, hospital, and schools.
- Mixed‑use building with income‑generating potential from a remodeled storefront (pawnshop) and a restaurant with a long‑term tenant.
- Two residential units at 4445 N Broadway, each featuring 3 bedrooms, in‑unit laundry, and separate utilities.
- Unit 2 at 4445 N Broadway is newly remodeled and includes 1.5 baths and a deck.
- Two addresses on separate lots offering flexibility and potential for future development.
- Restaurant at 4447 N Broadway features a large open space and its own utilities.
Overview
Located in Uptown, this mixed-use building comprises two addresses: 4445 N Broadway St, situated on a 2450 sqft lot, and 4447 N Broadway St, situated on a 2575 sqft lot, which includes one parking space. The property is conveniently located near daily errands, a shopping center, numerous restaurants, public transportation (bus, CTA redline), the lakeshore, parks, beaches, a hospital, and schools. The 4445 N Broadway St portion of the building features a 2250 sqft storefront currently occupied by a remodeled pawnshop with residential units above. The residential portion includes two units, each with three bedrooms. Unit 2 has 1.5 baths and has been recently remodeled, while Unit 3 has 1 bath. Both units have laundry rooms, individual furnaces, electric panels, and gas. The 4445 N Broadway St portion of the building also has an unfinished basement. The total square footage for this building is 3846 sqft. Adjacent to this is the restaurant at 4447 N Broadway St, which offers a large open space and an unfinished basement. This building has a long-term tenant and features central heat, an electric panel, and gas.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$795.4K
NOI $71,582 @ 9.00% cap · cautious / downside scenario
Moderate
$1.02M
NOI $71,582 @ 7.00% cap · market / base-case scenario
Aggressive
$1.43M
NOI $71,582 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.5k | $26.40 |
| − Vacancy | −$6.1k | −$1.58 |
| EGI | $95.4k | $24.82 |
| − OpEx | −$23.9k | −$6.20 |
| NOI | $71.6k | $18.61 |
3,846 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.02M
$894.8K – $1.19M
NOI $71,582 @ 7.0% cap · market cap 5.97%
Second Best
Mixed Use
$927.2K
$811.3K – $1.08M
NOI $64,901 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,936 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Map
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6603
- Latitude
- 41.9714
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Uptown with storefront and restaurant.
Where is this mixed-use property located?
The property is located at 4445-4447 N Broadway Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime Uptown location near shopping, restaurants, public transportation, lakeshore, parks, beaches, hospital, and schools.; Mixed‑use building with income‑generating potential from a remodeled storefront (pawnshop) and a restaurant with a long‑term tenant.; Two residential units at 4445 N Broadway, each featuring 3 bedrooms, in‑unit laundry, and separate utilities.
