Mixed-Use Property on Corner
3900 West 26th Street Chicago, IL 60623
3900 West 26th Street, Chicago, IL, 60623
$2,150,000
For Sale
$2,150,000
Income-generating property with storefronts and apartments in high-traffic area.
Property Size6,380 SF
Price / SF$336.99
Days on Market511
Property Features for 3900 West 26th Street
General Information
- Standard status
- Active
- Size
- 6,380 SF
Building Details
- Year Built
- 1925
Listing agency
Midwest SignatureProperties Co
(708) 712-1632
Listed by
Emmanuel Nevarez · License #471022885
(708) 712-1632
Source
Compass
Added: Feb 25, 2025 Updated: Jul 10 at 12:30PM Checked: Jul 21 at 6:12AM
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 Midwest SignatureProperties Co
Investment Insights
Based on property information with market context.
This mixed-use property is located on a corner lot in a high-traffic area. The property features four storefronts offering excellent visibility, along with eight residential units that provide steady rental income. A spacious basement offers additional storage or potential expansion opportunities. The property has been under the same ownership for over 30 years.
Key Highlights
- Prime location in the heart of 26th St. with high‑traffic area.
- Corner lot with increased exposure and accessibility.
- Four storefronts with excellent visibility.
Local Financial Insights For Mixed Use
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 | $191.4k | $30.00 |
| − Vacancy | −$19.1k | −$3.00 |
| EGI | $172.3k | $27.00 |
| − OpEx | −$64.6k | −$10.13 |
| NOI | $107.7k | $16.88 |
6,380 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.54M
$1.35M – $1.79M
NOI $107,663 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,800 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,571 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Delgado Travel Agency
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-generating property with storefronts and apartments in high-traffic area.
Where is this mixed-use property located?
The property is located at 3900 West 26th Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Prime location in the heart of 26th St. with high‑traffic area.; Corner lot with increased exposure and accessibility.; Four storefronts with excellent visibility.
