Roscoe Village Mixed-Use
1953 West Roscoe Street Chicago, IL 60657
1953 West Roscoe Street, Chicago, IL, 60657
$1,749,000
For Sale
$1,749,000
Renovated mixed-use building with retail storefront and residential units.
Property Size4,687 SF
Price / SF$373.16
Days on Market237
Property Features for 1953 West Roscoe Street
General Information
- Standard status
- Active
- Size
- 4,687 SF
Building Details
- Year Built
- 1893
Listing Agency
Connect Realty.com Inc.
(773) 528-4265
Listed by
Henry Jung · License #475146011
(773) 528-4265
Source
Compass
Added: Nov 26, 2025 Updated: Jul 10 at 12:16 pm Checked: Jul 20 at 3:07 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 Connect Realty.com Inc.
Investment Insights
Based on property information with market context.
Located in the Roscoe Village area, this renovated three-story mixed-use building features a vintage brick construction. The property includes one commercial retail storefront and five residential rental units, each with two bedrooms and one bathroom. The building offers six parking spaces and a side yard. Each unit has separate heat and hot water tanks. A full unfinished basement presents potential for other uses. Coin laundry in the basement provides additional income. The property sits on a 37.5-foot wide lot. Additional income is generated from west-facing signage. There is a proposed and pending cell tower lease that will add $2,000 per month. The gross rent multiplier (GRM) is estimated proforma at full market rents due to long-term tenants and family. The property size is 4687 square feet.
Key Highlights
- Prime Roscoe Village location on the Roscoe Street strip.
- Mixed‑use building featuring a commercial retail storefront and five residential rental units.
- Potential for $2,000 per month from a proposed cell tower lease.
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 | $140.6k | $30.00 |
| − Vacancy | −$14.1k | −$3.00 |
| EGI | $126.5k | $27.00 |
| − OpEx | −$47.5k | −$10.13 |
| NOI | $79.1k | $16.88 |
4,687 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.13M
$988.7K – $1.32M
NOI $79,093 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$1.03M
$898.1K – $1.20M
NOI $71,848 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,693 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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 mixed-use building with retail storefront and residential units.
Where is this mixed-use property located?
The property is located at 1953 West Roscoe Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Prime Roscoe Village location on the Roscoe Street strip.; Mixed‑use building featuring a commercial retail storefront and five residential rental units.; Potential for $2,000 per month from a proposed cell tower lease.
