Bucktown/Wicker Park Commercial
1636 N Bosworth Avenue, Chicago, IL 60642
1,640 SF finished office condo in prime location.
Type:Commercial
Property size:
1,640 SFPrice / SF:
$243/SF- Added:
- Mar 30, 2026
- Days on Market:
- 66
- Last Refresh:
- Mar 30 at 8:12 pm
Property Features for 1636 N Bosworth Avenue
General Information
- Standard status
- Active
- Size
- 1,640 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agent ADAM SCHNEIDERMAN License #475149601
Listing office STRAUSS REALTY LTD (773) 736-3600
Listing date Mar 30, 2026
Source Corcoran
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 STRAUSS REALTY LTD
HighLights
- Prime Bucktown/Wicker Park location with high average household income ($181,951 within 1 mile).
- Finished 1,640 SF commercial condo featuring multiple private rooms, conference room, reception area, and kitchen.
- Immediate access to I‑90/94 and North Avenue.
- Walkable to restaurants and shopping in Wicker Park/Bucktown.
- Convenient transportation options: steps to North/Ashland buses, walking distance to 606 Trail, 5 blocks to Clybourn Metra, 6 blocks to Division Blue Line.
- Newly built in 2026.
Overview
This 1,640 square foot commercial condominium is located in the Bucktown/Wicker Park area. The finished office unit features multiple private rooms, a conference room, a reception area, and a kitchen. The location provides immediate access to I-90/94 and North Avenue. It is within walking distance of the restaurants and shopping of Wicker Park/Bucktown. Public transportation options include steps to North/Ashland buses, walking distance to the 606 Trail, five blocks to the Clybourn Metra, and six blocks to the Division Blue Line. The average household income within a one-mile radius is $181,951.
Local Financial Insights For Office B
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 | $63.0k | $38.40 |
| − Vacancy | −$16.1k | −$9.79 |
| EGI | $46.9k | $28.61 |
| − OpEx | −$11.7k | −$7.15 |
| NOI | $35.2k | $21.46 |
1,640 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$502.7K
$439.9K – $586.5K
NOI $35,188 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.3K
$676.6K – $902.1K
NOI $54,128 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
1636 N Bosworth ...
Condominium Complex
Nations Home Bailout
Construction Company
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6668867
- Latitude
- 41.9117556
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 1,640 SF finished office condo in prime location.
Where is this office units located?
The property is located at 1636 N Bosworth Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime Bucktown/Wicker Park location with high average household income ($181,951 within 1 mile).; Finished 1,640 SF commercial condo featuring multiple private rooms, conference room, reception area, and kitchen.; Immediate access to I‑90/94 and North Avenue.
