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    1823 W Chicago Ave Chicago, IL 60622

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    For Lease
    $33 SF/Yr

    Renovated 1,350 SF retail space in vibrant West Town.

    Property Features for 1823 W Chicago Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1917

    Source: CENTURY 21 S.G.R., INC. Agent MYRA NIMCHAIYONG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Town Retail Space Available

    This recently renovated commercial retail space is located in the heart of West Town. The 1,350 square foot ground-floor unit features an open layout, high ceilings, and large storefront windows that provide natural light and visibility. The space is zoned B3-2. Updates include new flooring, lighting, HVAC, an ADA restroom and a modernized facade. Located along the retail strip on Chicago Avenue, the property benefits from foot and vehicle traffic, neighborhood demographics, and proximity to public transit. The surrounding area includes restaurants, boutiques, and service businesses. The space is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Hector O. ... Family Practice Physician

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6731624
    Latitude
    41.8957019

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    FAQs

    What type of property is this?
    Retail space - Renovated 1,350 SF retail space in vibrant West Town.
    Where is this retail space located?
    The property is located at 1823 W Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Chicago Avenue in West Town with high foot and vehicle traffic.; - Recently renovated 1,350 SF ground-floor unit with modernized facade.; - Open layout with high ceilings and large storefront windows.
    (312) 326-3697
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    1823 W Chicago Ave Chicago, IL 60622
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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
    1823 W Chicago Ave Chicago, IL 60622
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