2624 W Armitage Ave, Chicago, IL
Two-unit commercial condo with open floor plan and natural light.
- Added:
- Aug 21, 2025
- Days on Market:
- 318
- Last Refresh:
- May 19 at 9:16 pm
Property Features for 2624 W Armitage Ave
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- OFFICE
Listing office Baum Realty (312) 666-3000
Listing date Aug 21, 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 Baum Realty
HighLights
- Two‑unit commercial condo ideal for owner/operators
- Walkable to two CTA Blue Line stations and located along the Armitage bus route
- Free street parking in a vibrant, amenity‑rich neighborhood
- South‑facing units with abundant natural light
- Open floor plan
- 10’ ceilings
Overview
Local Financial Insights For Office B
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 | $53.8k | $38.40 |
| − Vacancy | −$13.7k | −$9.79 |
| EGI | $40.1k | $28.61 |
| − OpEx | −$10.0k | −$7.15 |
| NOI | $30.0k | $21.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6935
- Latitude
- 41.9178
