Hard-Corner Retail
2357 W North Avenue Chicago, IL 60647
For Sale
Under Contract
$549,900
COMMERCIAL - Chicago, IL
Property Size2,806 SF
Lot Size0.07 Acres
Price / SF$195.97
Days on Market106
Property Features for 2357 W North Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Standard status
Active Under Contract
APN
17061000010000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
18629
Utilities
Cooling system
Zoned, Central Air
Building Details
Year built
1931
Floors in Building
1
Building materials
Brick, Concrete
Listing Agency:
Keller Williams ONEChicago
(312) 216-2422
Listed By:
David Piotrowski · License #475155906
(312) 216-2422
Added: Apr 14
Changed: Jul 13
Last Checked: Jul 28 at 9:06PM
MLS# 12619422
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.
Investment Insights
Based on property information with market context.
Hard-corner retail building at 2357 W North Avenue, Chicago, IL 60647, located at the intersection of Western Avenue and North Avenue. The property is a 2,806 SF retail building situated on a 3,075 SF lot, designed to benefit from corner exposure and visibility.
PublicRemarks indicate strong pedestrian and vehicular traffic in the immediate area, along with convenient access to public transportation and a dense residential customer base. The listing also notes B3-2 zoning, which can accommodate a wide range of commercial uses.
This configuration supports retail and other neighborhood-focused commercial needs where tenants benefit from intersection frontage and straightforward street-level visibility.
PublicRemarks indicate strong pedestrian and vehicular traffic in the immediate area, along with convenient access to public transportation and a dense residential customer base. The listing also notes B3-2 zoning, which can accommodate a wide range of commercial uses.
This configuration supports retail and other neighborhood-focused commercial needs where tenants benefit from intersection frontage and straightforward street-level visibility.
Key Highlights
- Highly visible 2,806 SF retail building on a hard corner at Western Avenue and North Avenue in Wicker Park
- B3‑2 zoning allows a wide range of commercial uses
- 3,075 SF lot with strong pedestrian and vehicular traffic
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 | $60.6k | $21.60 |
| − Vacancy | −$5.2k | −$1.84 |
| EGI | $55.5k | $19.76 |
| − OpEx | −$16.6k | −$5.93 |
| NOI | $38.8k | $13.83 |
2,806 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$554.6K
$485.3K – $647.0K
NOI $38,820 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,611 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- InFlorEscence — 1001 N Western Ave, Chicago, IL 60622
- bou•K — 1830 N Milwaukee Ave Suite C, Chicago, IL 60647
- Plant place — 2545 W Division St, Chicago, IL 60622
- Flores Del Amor — 2611 W Division St, Chicago, IL 60622
- Linda's Flowers — 2439 W Armitage Ave, Chicago, IL 60647
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building on a corner lot with Western Avenue and North Avenue intersection exposure.
Where is this storefront property located?
The property is located at 2357 W North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Highly visible 2,806 SF retail building on a hard corner at Western Avenue and North Avenue in Wicker Park; B3‑2 zoning allows a wide range of commercial uses; 3,075 SF lot with strong pedestrian and vehicular traffic
