Mixed-Use Brick Building with
1953 W Roscoe Street Chicago, IL 60657
1953 W Roscoe Street, Chicago, IL, 60657
$1,799,000
For Sale
$1,799,000
Renovated six-unit, three-story brick mixed-use building with retail storefront, parking, and basement laundry.
Property Size6,336 SF
Price / SF$283.93
Days on Market237
Property Features for 1953 W Roscoe Street
General Information
- Standard status
- Active
- Size
- 6,336 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1893
Listing agency
Connect Realty.com Inc.
(312) 805-4944
Listed by
Henry Jung · License #475146011
(312) 805-4944
Source
Xome
Added: Nov 27, 2025 Updated: Jul 22 at 7:00AM Checked: Jul 22 at 7:00AM
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 Connect Realty.com Inc.
Investment Insights
Based on property information with market context.
This renovated, vintage brick, three-story mixed-use building contains one commercial retail storefront and five residential rental units in a total six-unit configuration. The building is described as fully occupied, with each rental unit set up as a 2BR/1BA layout and served by separate heat and hot water tanks. A coin-operated laundry is located in the unfinished basement, and the basement is also described as having potential for other uses.
The property is situated on a 37.5-foot-wide lot at 1953 W Roscoe Street and includes six parking spaces along with a side yard. The remarks also note additional income associated with west exposure signage and a proposed, pending cell tower lease described as adding $2,000 per month.
The property is situated on a 37.5-foot-wide lot at 1953 W Roscoe Street and includes six parking spaces along with a side yard. The remarks also note additional income associated with west exposure signage and a proposed, pending cell tower lease described as adding $2,000 per month.
Key Highlights
- Renovated 6‑unit, 3‑story vintage brick mixed‑use building built in 1893
- Mixed‑use layout with 1 commercial retail storefront plus 5 residential rental units
- All residential units are 2BR/1BA; window A/C provided
Local Financial Insights For Mixed Use
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 | $190.1k | $30.00 |
| − Vacancy | −$19.0k | −$3.00 |
| EGI | $171.1k | $27.00 |
| − OpEx | −$64.2k | −$10.13 |
| NOI | $106.9k | $16.88 |
6,336 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.53M
$1.34M – $1.78M
NOI $106,920 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,126 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.99M
$2.61M – $3.49M
NOI $209,118 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jay's Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Renovated six-unit, three-story brick mixed-use building with retail storefront, parking, and basement laundry.
Where is this mixed-use property located?
The property is located at 1953 W Roscoe Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Renovated 6‑unit, 3‑story vintage brick mixed‑use building built in 1893; Mixed‑use layout with 1 commercial retail storefront plus 5 residential rental units; All residential units are 2BR/1BA; window A/C provided
