Office Unit with Illuminated
New
For Sale
$799,000
1652 N Bosworth Avenue, Chicago, IL 60642
Ground-level office condominium space combines natural-light windows with signage exposure along a major expressway.
Property Size1,200 SF
Price / SF$665.83
Days on Market6
Property Features for 1652 N Bosworth Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
COMMERCIAL
Additional Details
Floor
Ground Level
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$24,728
Building Details
Year Built
2004
Listing Agency:
Strauss Realty Ltd
Listed By:
Adam Schneiderman · License #475149601
(773) 736-3600
Source:
Harkinsandassociates
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 10:11AM
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
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Investment Insights
Based on property information with market context.
This 1,200-SF office condominium occupies the ground level and has expansive windows. An illuminated billboard rises 60 feet above the property, with sign faces directed north and south; the display measures 12'x20'. The building was constructed in 2004.
The property fronts the Kennedy Expressway (I-90/94), where traffic counts are approximately 227,100 vehicles per day. North Avenue provides immediate expressway access. The site is in Bucktown, minutes from Wicker Park shopping and dining and a five-minute walk from the 606 Trail.
The property fronts the Kennedy Expressway (I-90/94), where traffic counts are approximately 227,100 vehicles per day. North Avenue provides immediate expressway access. The site is in Bucktown, minutes from Wicker Park shopping and dining and a five-minute walk from the 606 Trail.
Key Highlights
- Illuminated 12'x20' billboard with north- and south‑facing signage
- Billboard positioned 60 feet above the property
- 1,200 SF ground‑level office condominium with expansive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,747
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,940
$514.9K
Cap Rate 7%
$367,814
$367.8K
Cap Rate 9%
$286,078
$286.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$46.1K $38.40/SF
− Vacancy
−$11.8K −$9.79/SF
EGI
$34.3K $28.61/SF
− OpEx
−$8.6K −$7.15/SF
NOI
$25.7K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,940
Cap Rate 7%
$367,814
Cap Rate 9%
$286,078
Alternative Uses
Best Use
Office B
$367.8K
$321.8K – $429.1K
NOI $25,747 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,300
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office unit - Ground-level office condominium space combines natural-light windows with signage exposure along a major expressway.
Where is this office unit located?
The property is located at 1652 N Bosworth Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Illuminated 12'x20' billboard with north- and south‑facing signage; Billboard positioned 60 feet above the property; 1,200 SF ground‑level office condominium with expansive windows
