2950 W 26th St, Chicago, IL
8,000-SF renovated office building on 15,000-SF lot.
- Added:
- Dec 17, 2024
- Days on Market:
- 565
- Last Refresh:
- May 20 at 8:35 pm
Property Features for 2950 W 26th St
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.19 Acres
- Property subtype
- OFFICE
Properties For Sale
at 2950 W 26th St Contact usListing office Avison Young | Suburban Chicago (847) 341-6048
Listing date Dec 17, 2024
Source Moodyscre
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 Avison Young | Suburban Chicago
HighLights
- 8,000‑sf building
- 15,000 sf of land
- Completely renovated in 2019
Overview
Local Financial Insights For Office B
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 | $307.2k | $38.40 |
| − Vacancy | −$78.3k | −$9.79 |
| EGI | $228.9k | $28.61 |
| − OpEx | −$57.2k | −$7.15 |
| NOI | $171.6k | $21.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6997
- Latitude
- 41.8449
