4535 W Addison Street Chicago, IL 60641
COMMERCIAL - Chicago, IL
- Added:
- Sep 10, 2025
- Days on Market:
- 306
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 4535 W Addison Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MANUF
- Standard status
- Active
- APN
- 13223040500000
- Size
- 11,000 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 29966
Building Details
- Year built
- 1954
- 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 Sep 10, 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
- Prime Irving Park/North Center location with excellent access to downtown Chicago and surrounding suburbs.
- Versatile M1‑1 zoning allows for a wide range of commercial/light industrial uses.
- Approximately 11,000 Sq. Ft. total building area with 3,500 Sq. Ft. of built‑out office space.
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 | $103.7k | $9.43 |
| − Vacancy | −$5.7k | −$0.52 |
| EGI | $98.0k | $8.91 |
| − OpEx | −$14.7k | −$1.34 |
| NOI | $83.3k | $7.57 |
Alternative Uses
Property Analytics
Current Use by Public Records
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