Mixed-Use Retail and Residential
4445-4447 N Broadway Street Chicago, IL 60640
4445-4447 N Broadway Street, Chicago, IL, 60640
$1,350,000
For Sale
$1,350,000
COMMERCIAL - Chicago, IL
Property Size3,846 SF
Lot Size0.12 Acres
Price / SF$351.01
Days on Market12
Property Features for 4445-4447 N Broadway Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 14172250080000
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 31848
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 agency
Real People Realty
(815) 469-7449
Listed by
Ryan Luu · License #471022102
(708) 634-0104
Added: Jul 12 Updated: Jul 13 at 4:43PM Checked: Jul 23 at 12:06AM
MLS# 12702882
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 offering consists of two adjacent properties at 4445-4447 N Broadway. 4445 N Broadway includes a remodeled street-level pawn shop and two residential units above, with both units featuring 3 bedrooms. Unit 2 includes 1.5 bathrooms and has been recently remodeled, while Unit 3 offers 1 full bathroom. The apartments share the rear rooftop and have in-unit laundry rooms, with separate furnaces, electric panels, and gas service. An unfinished basement adds additional storage or possible future use, and the property is listed at approximately 3,846 square feet.
4447 N Broadway is occupied by a long-term restaurant tenant and features a large open dining area, an unfinished basement, separate central heating, electric panel, and gas service. The offering also notes one parking space associated with 4447.
The properties are described as being in Uptown and within walking distance of shopping, restaurants, grocery stores, public transportation (CTA Red Line and bus routes), Lake Michigan, parks and beaches, hospitals, and schools. Zoning is listed as COMMR.
4447 N Broadway is occupied by a long-term restaurant tenant and features a large open dining area, an unfinished basement, separate central heating, electric panel, and gas service. The offering also notes one parking space associated with 4447.
The properties are described as being in Uptown and within walking distance of shopping, restaurants, grocery stores, public transportation (CTA Red Line and bus routes), Lake Michigan, parks and beaches, hospitals, and schools. Zoning is listed as COMMR.
Key Highlights
- Two adjacent mixed‑use properties: 4445 N Broadway St (2,450 SF lot) and 4447 N Broadway St (2,575 SF lot).
- 4445 N Broadway St: 3,846 SF building with remodeled street‑level pawn shop plus two 3‑bedroom residential units above.
- 4445 units share rooftop and each has in‑unit laundry; Units 2 and 3 have separate furnaces, electric panels, and gas service.
Local Financial Insights For Specialty 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 | $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 Uses
Best Use
Specialty Retail
$1.02M
$894.8K – $1.19M
NOI $71,582 @ 7.0% cap · market cap 5.30%
Second Best
Mixed Use
$927.2K
$811.3K – $1.08M
NOI $64,901 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,936 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two adjacent Broadway properties combine street-level retail and restaurant space with two 3-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 4445-4447 N Broadway Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two adjacent mixed‑use properties: 4445 N Broadway St (2,450 SF lot) and 4447 N Broadway St (2,575 SF lot).; 4445 N Broadway St: 3,846 SF building with remodeled street‑level pawn shop plus two 3‑bedroom residential units above.; 4445 units share rooftop and each has in‑unit laundry; Units 2 and 3 have separate furnaces, electric panels, and gas service.
