Mixed-Use Flex
2722 South Hillock Avenue Chicago, IL 60608
2722 South Hillock Avenue, Chicago, IL, 60608
$850,000
For Sale
$850,000
Brick flex property with office space and two rear warehouse bays accessed by overhead garage doors.
Property Size7,000 SF
Price / SF$121.43
Days on Market24
Property Features for 2722 South Hillock Avenue
General Information
- Standard status
- Active
- Size
- 7,000 SF
Building Details
- Year Built
- 1954
Listing agency
Jameson Sotheby's Intl Realty
(312) 485-9904
Listed by
Natalie Ruffolo · License #475182822
(312) 485-9904
Source
Compass
Added: Jun 28 Updated: Jul 21 at 3:52PM Checked: Jul 21 at 3:52PM
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 Jameson Sotheby's Intl Realty
Investment Insights
Based on property information with market context.
Brick built mixed-use flex building totaling approximately 7,000 square feet on two city lots, currently arranged with substantial open office space plus private offices. The main level includes two recently renovated restrooms and a kitchen, and the second level offers a large, renovated conference room.
From the rear, the layout provides direct access to two large warehouse spaces, each with an overhead garage door for convenient loading or service use. Ample street parking is available at all times. The property is being sold "as-is".
From the rear, the layout provides direct access to two large warehouse spaces, each with an overhead garage door for convenient loading or service use. Ample street parking is available at all times. The property is being sold "as-is".
Key Highlights
- Brick 7,000± SF mixed‑use property built in 1954 on two city lots
- Main building includes ample open office space, private offices, and a kitchen
- Two recently renovated restrooms in the main building
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
Location Intelligence
Current Use by Public Records
Q C Enterprises ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Big Wang's Food Truck — 2300 S Throop St, Chicago, IL 60608
- The Tamale Spaceship — 2296 S Blue Island Ave, Chicago, IL 60608
- Coastline Cove — 2300 S Throop St Unit 8A, Chicago, IL 60608
- Soul Jamaican Catering — 3231 S Halsted St, Chicago, IL 60608
- AAA Catering Service Inc — 2637 S Throop St, Chicago, IL 60608, United States
FAQs
What type of property is this?
Flex space - Brick flex property with office space and two rear warehouse bays accessed by overhead garage doors.
Where is this flex space located?
The property is located at 2722 South 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 7,000± SF mixed‑use property built in 1954 on two city lots; Main building includes ample open office space, private offices, and a kitchen; Two recently renovated restrooms in the main building
