Retail Storefront for
For Sale
$1,350,000
Pending
1434 W Chicago Avenue, Chicago, IL 60642
For-sale retail storefront located along W Chicago Avenue in Chicago, Illinois.
Property Size4,800 SF
Days on Market142
Property Features for 1434 W Chicago Avenue
General Information
Standard status
Pending
Size
4,800 SF
Zoning
COMMR
Net Operating Income
$80,618
Taxes and HOA fees
Annual Taxes
$19,482
Amenities
Central Air, Window Unit(s)
Building Details
Building Size
4,800 SF
Year Built
1889
Stories
3
Listing Agency:
Martin Medenica
(312) 757-7819
Listed By:
Martin Medenica
(312) 757-7819
Source:
Evrealestate
Added: Apr 8
Changed: Aug 24
Last Checked: Aug 14 at 7:10AM
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 Martin Medenica
Investment Insights
Based on property information with market context.
This for-sale retail storefront is located at 1434 W Chicago Avenue in Chicago, Illinois. The property is presented as a retail space suitable for commercial use.
Directions are provided east on Chicago from Ashland to 1434 W Chicago Ave. Cook County is listed as the county for the address.
Additional building details, condition, and specific tenant or layout information were not provided.
Directions are provided east on Chicago from Ashland to 1434 W Chicago Ave. Cook County is listed as the county for the address.
Additional building details, condition, and specific tenant or layout information were not provided.
Key Highlights
- For‑sale retail storefront located along W Chicago Ave in Chicago, IL
- Year built: 1889
- Cooling includes central air and window units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,407
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,328,140
$1.3M
Cap Rate 7%
$948,671
$948.7K
Cap Rate 9%
$737,856
$737.9K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$103.7K $21.60/SF
− Vacancy
−$8.8K −$1.84/SF
EGI
$94.9K $19.76/SF
− OpEx
−$28.5K −$5.93/SF
NOI
$66.4K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,328,140
Cap Rate 7%
$948,671
Cap Rate 9%
$737,856
Alternative Uses
Best Use
Retail
$948.7K
$830.1K – $1.11M
NOI $66,407 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,423 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,395
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 43%
Electronics 3%
Dunkin' Donuts
Dining
12,619 visits/mo
0.4 miles
Starbucks
Dining
9,334 visits/mo
0.3 miles
Shell
Shops & Services
7,577 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,249 visits/mo
0.2 miles
Marathon Petroleum
Shops & Services
5,596 visits/mo
0.3 miles
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront located along W Chicago Avenue in Chicago, Illinois.
Where is this storefront property located?
The property is located at 1434 W Chicago Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: For‑sale retail storefront located along W Chicago Ave in Chicago, IL; Year built: 1889; Cooling includes central air and window units
