1964 W Lawrence Ave, Chicago, IL
Fully leased commercial space with renovated apartment near public transit.
- Added:
- Sep 24, 2025
- Days on Market:
- 260
- Last Refresh:
- May 20 at 9:47 pm
Property Features for 1964 W Lawrence Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.85 Acres
- Property subtype
- RETAIL
Listing agent Ian Feinerman License #475124617 (773) 802-2543
Listing office @Properties | Chicago (North) (773) 772-0200
Listing date Sep 24, 2025
Source Moodyscre
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)
HighLights
- Fully leased commercial space (3200 sf) with existing kitchen including black iron, 16 ft. hood, two walk‑in coolers, and three‑compartment sink.
- Recently renovated 3BD/1BA apartment with long‑term tenants and rear outdoor patio.
- Excellent location: 0.2 miles to Damen Brown Line CTA & Ravenswood Metra, close to bus stops, Divvy stations, and Lake Shore Drive.
- Located in an area surrounded by new development, including Devry's new campus and luxury residential units.
- Large front windows and two ADA bathrooms with double stalls in the commercial space.
- Building runs lot line to lot line, offering maximum space utilization.
Overview
Local Financial Insights For Apartment 5plus
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 | $94.1k | $29.40 |
| − Vacancy | −$4.9k | −$1.53 |
| EGI | $89.2k | $27.87 |
| − OpEx | −$40.1k | −$12.54 |
| NOI | $49.1k | $15.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6787
- Latitude
- 41.969
