Bucktown/Wicker Park Commercial
1636 N Bosworth Avenue Chicago, IL 60642
1636 N Bosworth Avenue, Chicago, IL, 60642
$399,000
For Sale
$399,000
1,640 SF finished office condo in prime location.
Property Size1,640 SF
Price / SF$243.29
Days on Market111
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 Agency
STRAUSS REALTY LTD
(773) 736-3600
Listed by
ADAM SCHNEIDERMAN · License #475149601
Source
Corcoran
Added: Mar 30 Checked: Jul 17 at 3:40 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1636 N Bosworth ...
Condominium Complex
Nations Home Bailout
Construction Company
Similar For Sale Nearby
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.
