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    9335-37 South Chicago Ave Chicago, IL 60617

    Sponsored
    For Sale
    $698,000

    Prime Location, High-Yield Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This stunning three-story red brick building, constructed in 1886, offers a compelling investment opportunity in a rapidly developing area of Chicago. Located at 9335-37 S South Chicago Avenue, this 6-unit apartment building boasts impressive curb appeal with its original Chicago red brick, stone trim, and steel security doors. The property features a well-maintained enclosed rear stairwell/porch, providing convenient access for tenants. Each unit benefits from a private exterior door, enhancing tenant privacy and convenience. Recent improvements include a complete rebuild of both the front and rear porches within the last six years, ensuring long-term structural integrity. The rear yard offers a grassy area, providing tenants with a pleasant outdoor space. Currently, all units are leased, and tenants are responsible for their own utilities, minimizing landlord responsibilities and maximizing rental income. The property's prime location offers easy access to the Lakefront, South Shore, various transportation options, a thriving industrial area, and the Loop, making it highly attractive to a wide range of tenants. This building presents an attractive cap rate for investors seeking a stable and profitable investment in a desirable Chicago neighborhood. The property is listed at $698,000.

    Property Features for 9335-37 South Chicago Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1886
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.54957
    Latitude
    41.72604

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High-Yield Investment
    Where is this commercial real estate located?
    The property is located at 9335-37 South Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $698,000.
    (630) 929-1100
    Request Owner's contact information
    9335-37 South Chicago Ave Chicago, IL 60617
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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
    9335-37 South Chicago Ave Chicago, IL 60617
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