Transit-Oriented Development
1000 W Thorndale Ave Chicago, IL 60660
For Sale
Contact for pricing
For-sale development site with B3-5 zoning and FAR 5.0, totaling 15,290 SF.
Property Size15,290 SF
Lot Size0.35 Acres
Price / SF$359.71
Days on Market128
Property Features for 1000 W Thorndale Ave
General Information
- Standard status
- Active
- Size
- 15,290 SF
- Lot size
- 0.35 Acres
- Property subtype
- Land, Mixed Use, Multifamily, Retail
Listing Agency:
Chicago-Coldwell Banker Commercial NRT
Listed By:
Michael Kang · License #IL 475163662
Source:
Crexi
Added: Mar 19
Changed: Jul 23
Last Checked: Jul 23 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago-Coldwell Banker Commercial NRT
Investment Insights
Based on property information with market context.
This for-sale transit-oriented development site is listed with B3-5 zoning and a FAR of 5.0, with a total size of 15,290 SF.
The property is identified as 1000 W Thorndale Ave in Chicago, Illinois 60660.
No additional improvements, building details, or tenant information were provided in the listing remarks.
The property is identified as 1000 W Thorndale Ave in Chicago, Illinois 60660.
No additional improvements, building details, or tenant information were provided in the listing remarks.
Key Highlights
- Transit‑oriented development site
- B3‑5 zoning
- FAR 5.0
Financial Insights For Apartment 5plus
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 | $449.5k | $29.40 |
| − Vacancy | −$23.4k | −$1.53 |
| EGI | $426.2k | $27.87 |
| − OpEx | −$191.8k | −$12.54 |
| NOI | $234.4k | $15.33 |
15,290 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.35M
$2.93M – $3.91M
NOI $234,383 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$3.02M
$2.64M – $3.53M
NOI $211,534 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$7.21M
$6.31M – $8.41M
NOI $504,643 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Apartment building - For-sale development site with B3-5 zoning and FAR 5.0, totaling 15,290 SF.
Where is this apartment building located?
The property is located at 1000 W Thorndale Ave Chicago, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Transit‑oriented development site; B3‑5 zoning; FAR 5.0
