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    6,200 SF Chicago Garage Title is generated by Realmo AI

    4428 N Elston Ave, Chicago, IL

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    6,200 SF garage in excellent condition, northwest Chicago.

    Type:INDUSTRIAL
    Property size:
    6,200 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $125/SF
    Added:
    Apr 22, 2024
    Days on Market:
    782
    Last Refresh:
    May 20 at 9:20 pm

    Property Features for 4428 N Elston Ave

    General Information

    Standard status
    Active
    Size
    6,200 SF
    Lot size
    0.14 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 4428 N Elston Ave Contact us

    We can help!

    Listing Contact
    Dominic “Nick” Saraceno
    Dominic “Nick” Saraceno

    Listing agent Dominic “Nick” Saraceno

    Listing office CTK Chicago Partners | Chicago

    Listing date Apr 22, 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 CTK Chicago Partners | Chicago

    HighLights

    • 6,200 square foot garage offers ample space.
    • Excellent condition, move‑in ready.
    • Northwest side of Chicago location.
    • For sale or lease, flexible options available.
    • Quick access to Kennedy Expressway.
    • Quick access to Edens Expressway.

    Overview

    A 6,200 square foot garage in excellent condition is available for sale in the northwest side of Chicago. The property offers quick access to the Kennedy and Edens expressways. It is suitable for warehouse and industrial use.

    Local Financial Insights For Warehouse

    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 $58.5k $9.43
    − Vacancy −$3.2k −$0.52
    EGI $55.3k $8.91
    − OpEx −$8.3k −$1.34
    NOI $47.0k $7.57
    6,200 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $670.9K
    $587.0K – $782.7K (±1% cap)
    NOI $46,963 @ 7.0% cap · market cap 6.06%
    Second Best
    Industrial
    $555.4K
    $486.0K – $648.0K (±1% cap)
    NOI $38,880 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Office A
    $2.92M
    $2.56M – $3.41M (±1% cap)
    NOI $204,630 @ 7.0% cap · market cap 26.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Super Auto Auto Repair Shop ParkChicago #460107 Parking Lot & Garage

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Extra Space Storage — 4455 W Montrose Ave, Chicago, IL 60641
    • Fernstrom Fireproof Storage — 3547 W Montrose Ave, Chicago, IL 60618
    • Melrose Self Storage Unit — 4620 Irving Park Rd, Chicago, IL 60641
    • Nearby Storage Units — 4445 n pulaski rd, chicago, il 60630
    • Near-by Self Storage Units - Chicago, IL — 4445 N Pulaski Rd, Chicago, IL 60630

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7308
    Latitude
    41.9613

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    FAQs

    What type of property is this?
    Warehouse - 6,200 SF garage in excellent condition, northwest Chicago.
    Where is this warehouse located?
    The property is located at 4428 N Elston Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 6,200 square foot garage offers ample space.; Excellent condition, move‑in ready.; Northwest side of Chicago location.
    (847) 331-1339 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dominic “Nick” Saraceno
    Dominic “Nick” Saraceno
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