2135 W Armitage Avenue, Chicago, IL 60647
COMMERCIAL - Chicago, IL
- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 2:06 pm
Property Features for 2135 W Armitage Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 14313040140000
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 72020
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air
Building Details
- Year built
- 1908
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Brick, Concrete, Block
Listing agent Peter Fotopoulos License #471010854 (312) 265-8000
Listing office Baird & Warner 1950 N Sedgwick St, Chicago, IL (312) 242-1000
Listing date Jul 1, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Redevelopment site at 2135‑2147 W. Armitage Ave with 144 ft frontage on Armitage and 14,400 SF land area (144x101)
- Includes approx. 23,632 SF of existing building space across six buildings (3‑story, 2‑story, 1‑story, and partial 2‑story)
- Zoning: RT‑4 for 2135, 2137, 2139, and 2147; C1‑2 for 2141 and 2145, supporting a range of future development uses
- Outdoor parking for 5 cars or 2 trucks on site
- Construction materials include brick, concrete, and block; central air cooling reported
- Year built: 1908; water available
Overview
The site offers approximately 144 feet of frontage on Armitage Ave and a total land area of 14,400 square feet. It is described as located in the Bucktown area, less than two blocks from the Armitage and Damen intersection.
Zoning on the site includes COMMR and also references RT-4 for multiple addresses (2135, 2137, 2139, and 2147) and C1-2 for others (2141 and 2145). This configuration supports a variety of redevelopment approaches for commercial, residential, or mixed-use projects, with existing structures that can be evaluated for reuse, renovation, or replacement.
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 | $709.0k | $30.00 |
| − Vacancy | −$70.9k | −$3.00 |
| EGI | $638.1k | $27.00 |
| − OpEx | −$239.3k | −$10.13 |
| NOI | $398.8k | $16.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6814832
- Latitude
- 41.9174606
