1422 W Chicago Ave Chicago, IL 60642
Prime corner location with restaurant and office space.
- Added:
- Apr 28, 2026
- Days on Market:
- 76
- Last Refresh:
- May 8 at 3:40 am
Property Features for 1422 W Chicago Ave
General Information
- Standard status
- Active
- Size
- 8,640 SF
- Property subtype
- RETAIL
Listing office SVN | Chicago - Corporate (773) 405-4641
Listing date Apr 28, 2026
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
Key Highlights
- Prime corner location in West Town
- Fully built‑out restaurant on the ground floor
- Strong pedestrian and vehicular traffic
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 | $228.1k | $26.40 |
| − Vacancy | −$13.7k | −$1.58 |
| EGI | $214.4k | $24.82 |
| − OpEx | −$53.6k | −$6.20 |
| NOI | $160.8k | $18.61 |
Alternative Uses
Property Analytics
Current Use by Public Records
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