Timber Warehouse Live-Work
1686 N Ada St, Chicago, IL 60642
For Sale
Contact for pricing
Portfolio includes a light-filled timber warehouse with skylights and overhead access, plus two connected live-work spaces.
Property Size6,085 SF
Price / SF$279.38
Days on Market446
Property Features for 1686 N Ada St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Fenced Yard
Warehouse & Industrial
Clear Height
Drive-In Doors
Amenities
courtyard
skylights
radiant heated floors
indoor garage
outdoor space
Building Details
Construction
Listing Agency:
@Properties | Chicago (North)
(773) 772-0200
Listed By:
Lucas Blahnik · License IL #471017201
(312) 576-6118
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Oct 25
Last Checked: Nov 12 at 10:42AM
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 @Properties | Chicago (North)
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Investment Insights
Based on property information with market context.
Three-parcel portfolio offers a flexible live-work and warehouse assembly along the North Branch of the Chicago River, with the parcels available separately or together. The property includes a raw artist studio of approximately 7,200 square feet over two levels, a timber loft residence with a courtyard and indoor/outdoor spaces, and a 6,000-square-foot timber warehouse.
The warehouse at 1686 N ADA is approximately 100' x 60', with ceiling height ranging from 14 to 16 feet. Multiple skylights provide natural light, and a large overhead door opens directly onto Ada Street.
The residence at 1684 N ADA was converted from an original factory into private live/work space of approximately 3,500 square feet, featuring a courtyard entry via an overhead garage door from the alley. It is currently configured as a one-bedroom, two-bath home with wide open living areas and a large gallery that can be adapted for additional bedrooms. The 1682 N Ada parcel is approximately 7,000+ square feet of raw studio space that connects the other parcels, and M3-3 zoning is noted as supporting a wide range of uses, with opportunities for additional FAR and height.
The warehouse at 1686 N ADA is approximately 100' x 60', with ceiling height ranging from 14 to 16 feet. Multiple skylights provide natural light, and a large overhead door opens directly onto Ada Street.
The residence at 1684 N ADA was converted from an original factory into private live/work space of approximately 3,500 square feet, featuring a courtyard entry via an overhead garage door from the alley. It is currently configured as a one-bedroom, two-bath home with wide open living areas and a large gallery that can be adapted for additional bedrooms. The 1682 N Ada parcel is approximately 7,000+ square feet of raw studio space that connects the other parcels, and M3-3 zoning is noted as supporting a wide range of uses, with opportunities for additional FAR and height.
Key Highlights
- Three‑parcel portfolio along the North Branch of the Chicago River, adjacent to Lincoln Yards, with parcels that can function separately or collectively
- 1686 N Ada: approx 100' x 60' timber warehouse with 14–16' ceiling heights, multiple skylights, and a large overhead door opening to Ada street
- 1684 N Ada: original factory converted to a live/work residence with approx 3,500 SF, courtyard entry via overhead garage door, timber ceilings, fire block & concrete walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,560
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,611,200
$2.6M
Cap Rate 7%
$1,865,143
$1.9M
Cap Rate 9%
$1,450,667
$1.5M
Market Conditions
NOI Build-Up for 6,085 SF
Gross rent
$233.7K $38.40/SF
− Vacancy
−$59.6K −$9.79/SF
EGI
$174.1K $28.61/SF
− OpEx
−$43.5K −$7.15/SF
NOI
$130.6K $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%
$2,611,200
Cap Rate 7%
$1,865,143
Cap Rate 9%
$1,450,667
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,560 @ 7.0% cap · market cap 7.68%
Second Best
Mixed Use
$1.47M
$1.28M – $1.71M
NOI $102,684 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,834 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,557
Businesses Nearby
Well-served
Demand for This Use
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
$604,200
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Chicago, IL
Properties on Market for Warehouses in Chicago
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Warehouse - Portfolio includes a light-filled timber warehouse with skylights and overhead access, plus two connected live-work spaces.
Where is this warehouse located?
The property is located at 1686 N Ada St Chicago, IL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three‑parcel portfolio along the North Branch of the Chicago River, adjacent to Lincoln Yards, with parcels that can function separately or collectively; 1686 N Ada: approx 100' x 60' timber warehouse with 14–16' ceiling heights, multiple skylights, and a large overhead door opening to Ada street; 1684 N Ada: original factory converted to a live/work residence with approx 3,500 SF, courtyard entry via overhead garage door, timber ceilings, fire block & concrete walls
