Listing Agency: First In Realty, Inc

Listed By: Mark Mielnicki · License #IL Show Phone

Source: Crexi

Added: Apr 11 Changed: Sep 1 Last Checked: Aug 31 at 11:28PM

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Investment Insights

Based on property information with market context.

This office building comprises a fully leased commercial investment at 11740-11750 S. Western Avenue. The property is located in Chicago, Illinois, within the Beverly Hills/Morgan Park area.

The offering is identified with a cap rate above 10% and is positioned below replacement value, providing two stated investment metrics for evaluation.

Key Highlights

• 100% leased commercial office investment
• Cap rate above 10%
• 11740‑11750 S. Western Avenue address

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Kitchen & Bath Showroom Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

519

Businesses Nearby

Explore this area Business Placement

Demographics for 60643, IL

47,831

Population

19,541

Households

2.4

Avg Household Size

44

Median Age

39%

College-Educated

93%

High-School Grad

7.4 sq mi

ZIP Area

6,464

Density / Sq Mi

$83,015

Median Household Income

$53,155

Median Earnings

$1,359

Median Rent

$233,900

Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019

19.2% 2020

20.7% 2021

23.1% 2022

23.3% 2023

25.1% 2024

25.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Chicago office investment with complete occupancy and a reported cap rate above 10%.

Where is this office building located?

The property is located at 11740-11750 S Western avenue Chicago, IL.

What are key features of this property?

This property features: 100% leased commercial office investment; Cap rate above 10%; 11740‑11750 S. Western Avenue address