Ukrainian Village Commercial Condo For
2142 W Chicago Avenue #1 Chicago, IL 60622
2142 W Chicago Avenue #1, Chicago, IL, 60622
$229,950
Pending
For Sale
$229,950
Pending
1,105 sq ft commercial condo in Ukrainian Village.
Property Size1,105 SF
Days on Market270
Property Features for 2142 W Chicago Avenue #1
General Information
- Standard status
- Pending
- Size
- 1,105 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
ARIA REAL ESTATE
(877) 495-1984
Listed by
ROMAN SERRA
Source
Corcoran
Added: Oct 27, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 22 at 7:30AM
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 ARIA REAL ESTATE
Investment Insights
Based on property information with market context.
Located in Ukrainian Village, this commercial condo at 2142 W Chicago Ave offers 1,105 sq. ft. of space. The property features a versatile open layout with two separate private offices, high ceilings, and large storefront windows. It is suitable for retail, office, or creative use. The location benefits from excellent visibility, foot traffic, and neighborhood growth. Monthly assessments are $103.72.
Key Highlights
- Prime Ukrainian Village location with high foot traffic and excellent visibility.
- Versatile 1,105 sq. ft. commercial condo suitable for retail, office, or creative use.
- Open layout with 2 separate private offices.
Local Financial Insights For Retail
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 | $23.9k | $21.60 |
| − Vacancy | −$2.0k | −$1.84 |
| EGI | $21.8k | $19.76 |
| − OpEx | −$6.6k | −$5.93 |
| NOI | $15.3k | $13.83 |
1,105 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$218.4K
$191.1K – $254.8K
NOI $15,287 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.0K
$455.9K – $607.8K
NOI $36,470 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bubbly Events
Event Planning
Voss + Virtue
Wedding Service
Jackie G Beauty
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
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- Italian Court Flowers, Inc. — 2021 W Fulton St, Chicago, IL 60612
- The Flower Hustler — 2000 W Carroll Ave, Chicago, IL 60612
- Fragrant Design — 1821 W Hubbard St, Chicago, IL 60622
FAQs
What type of property is this?
Storefront property - 1,105 sq ft commercial condo in Ukrainian Village.
Where is this storefront property located?
The property is located at 2142 W Chicago Avenue #1 Chicago, IL.
What is the asking price?
The asking price for this property is $229,950.
What are key features of this property?
This property features: Prime Ukrainian Village location with high foot traffic and excellent visibility.; Versatile 1,105 sq. ft. commercial condo suitable for retail, office, or creative use.; Open layout with 2 separate private offices.
