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    938 N Damen Ave Chicago, IL 60622

    For Sale
    $239,000

    Neighborhood Storefront - Chicago, IL

    Property size:
    1,033 SF
    Days on Market:
    208
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 938 N Damen Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    17063190470000
    Size
    1,033 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Architectural style
    Other

    Epic Investment Company (630) 886-6128 [email protected]

    Listing agent David Patel (630) 886-6128 License #471011772

    Listing date May 13, 2025

    MLS# 12358715 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

    Ukrainian Village Storefront Investment Opportunity

    This commercial condominium, situated in the Ukrainian Village neighborhood, presents an investment opportunity with a long-term tenant under lease until April 30, 2027. The property features 12-foot ceilings, hardwood floors, exposed brick, and floor-to-ceiling windows. It also includes a half bath and a kitchenette. A professional exterior sign is in place. Storage space is available in the basement. Certain restrictions apply, such as a prohibition on bars. The property has curb appeal and is being offered at a 6% capitalization rate. The space encompasses 1,033 square feet.
    Location Intelligence

    Current Use by Public Records

    Underground Nail Art Beauty Salon Flowerbooking Inc Live Music Venue Sole Mates Shoe Store

    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

    The Sheffields Ashland Addison Florsit Co., Larkspur, Chicago Flower Market, The Flower Hustler, Fragrant Design

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.677435032062
    Latitude
    41.89890955

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    FAQs

    What type of property is this?
    Storefront property - Commercial condo with long-term tenant in dynamic Ukrainian Village.
    Where is this storefront property located?
    The property is located at 938 N Damen Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: - Long-term tenant in place with lease expiring 04/30/2027, providing immediate income.; - Attractive 6% cap rate, indicating strong investment potential.; - Prime Ukrainian Village location.
    (630) 886-6128
    Request Owner's contact information
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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
    938 N Damen Ave Chicago, IL 60622
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