2135 W Armitage Avenue, Chicago, IL 60647
Six-building site with 144 feet of frontage and parking, positioned for commercial or residential mixed-use redevelopment.
- Added:
- Jun 30, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 1 at 3:13 am
Property Features for 2135 W Armitage Avenue
General Information
- Standard status
- Active
- Size
- 23,632 SF
- Lot size
- 0.33 Acres
Building Details
- Year Built
- 1908
Listing office Berkshire Hathaway HomeServices Speckman Realty (815) 922-6924
Listing date Jun 30, 2026
Source Lisasanford.idxbroker
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 Berkshire Hathaway HomeServices Speckman Realty
HighLights
- Six‑building redevelopment site across 2135‑2147 W Armitage Ave, totaling approx. 23,632 SF of existing building space
- 144 ft of frontage on W Armitage Ave with 14,400 SF total land area (144x101)
- Mixed‑use and commercial building mix: 2135 (3‑story), 2137 (1‑story), 2139 & 2147 (2‑story), 2141 (partial 2‑story), 2145 (2‑story)
- Zoned RT‑4 (2135, 2137, 2139, 2147) and C1‑2 (2141, 2145) for a range of redevelopment uses
- Outdoor parking on site for 5 cars or 2 trucks
- Currently includes a USDA chicken processing and retail business plus masonry 2‑3 flats
Overview
The site offers 144 feet of frontage on W. Armitage Ave and spans approximately 14,400 square feet of land (144 x 101). It is located within a short distance of the Armitage and Damen intersection, with multiple parking lots distributed across the 2135-2147 W. Armitage Ave addresses.
Zoning includes RT-4 for 2135, 2137, 2139, and 2147, and C1-2 for 2141 and 2145, providing flexibility for a range of future development uses. The existing buildings and parking layout may support tenants, operators, or developers seeking a mixed-use or multi-family redevelopment concept that can incorporate elements of the current improvements.
Local Financial Insights For Specialty Retail
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 | $623.9k | $26.40 |
| − Vacancy | −$37.4k | −$1.58 |
| EGI | $586.5k | $24.82 |
| − OpEx | −$146.6k | −$6.20 |
| NOI | $439.8k | $18.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6814832
- Latitude
- 41.9174606
