Brick Flex Warehouse with
2722 S Hillock Avenue Chicago, IL 60608
2722 S Hillock Avenue, Chicago, IL, 60608
$850,000
For Sale
$850,000
COMMERCIAL - Chicago, IL
Property Size7,000 SF
Lot Size0.16 Acres
Price / SF$121.43
Days on Market12
Property Features for 2722 S Hillock Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MANUF
- Standard status
- Active
- APN
- 17293070330000
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16827
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1954
- Floors in Building
- 2
- Building materials
- Brick
Listing Agency
Jameson Sotheby's Intl Realty
(312) 751-0300
425 W. North Ave. suite 1, Chicago, IL
Listed by
Natalie Ruffolo
(312) 335-3291
Added: Jul 7 Checked: Jul 18 at 1:06 pm
MLS# 12698536
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.
This brick mixed-use flex warehouse property includes ample open office space and private offices, along with two recently renovated restrooms and a kitchen. A large renovated conference room is located on the second level. From the back door, the layout extends directly to two large warehouse spaces, each served by an overhead garage door for straightforward loading and access.
The building sits on two city lots and provides ample street parking. The property is being sold “as-is.” The listed zoning is MANUF.
As presented, the configuration supports combined office and warehouse use within one building, with clear separation between the front office/conference areas and the rear warehouse spaces.
The building sits on two city lots and provides ample street parking. The property is being sold “as-is.” The listed zoning is MANUF.
As presented, the configuration supports combined office and warehouse use within one building, with clear separation between the front office/conference areas and the rear warehouse spaces.
Key Highlights
- Brick mixed‑use property with approx. 7,000 SF on two city lots
- Main level offers ample open office space, private offices, and a kitchen
- Two restrooms and a second‑level conference room were recently renovated
Local Financial Insights For Warehouse
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 | $66.0k | $9.43 |
| − Vacancy | −$3.6k | −$0.52 |
| EGI | $62.4k | $8.91 |
| − OpEx | −$9.4k | −$1.34 |
| NOI | $53.0k | $7.57 |
7,000 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,192 @ 7.0% cap · market cap 17.67%
Second Best
Flex RnD
$1.15M
$1.01M – $1.35M
NOI $80,808 @ 7.0% cap · market cap 9.51%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 27.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Q C Enterprises ...
Construction Company
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FAQs
What type of property is this?
Flex space - Brick mixed-use building offers open office space plus two warehouse bays accessible from overhead garage doors.
Where is this flex space located?
The property is located at 2722 S Hillock Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brick mixed‑use property with approx. 7,000 SF on two city lots; Main level offers ample open office space, private offices, and a kitchen; Two restrooms and a second‑level conference room were recently renovated
