7701-7757 W Lawrence Avenue Norridge, IL 60706
COMMERCIAL - Norridge, IL
Property Features for 7701-7757 W Lawrence Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RTAIL
- Standard status
- Active
- APN
- 12131150170000
- Size
- 21,000 SF
- Lot size
- 1.94 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 129298
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 25
- Building materials
- Brick
Listing agent Jason Bitton License #475170841 (847) 259-0202
Listing office RE/MAX Suburban 1344 South Milwaukee Avenue, Mount Prospect, IL (847) 367-8686
Listing date May 23, 2023
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
- High‑performing mixed‑use investment property.
- Portfolio includes 16 apartments and 8 retail units.
- 21,000 SF free‑standing retail building.
Local Financial Insights For Mixed Use
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 | $630.0k | $30.00 |
| − Vacancy | −$63.0k | −$3.00 |
| EGI | $567.0k | $27.00 |
| − OpEx | −$212.6k | −$10.13 |
| NOI | $354.4k | $16.88 |
