Multi-Room
For Sale
Contact for pricing
3049 W 59th Street, Chicago, IL 60629
An open front area is paired with several additional rooms and a kitchenette.
Property Size1,000 SF
Price / SF$0.01
Days on Market26
Property Features for 3049 W 59th Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Neighborhood Storefront
Site & Location
Neighborhood
Chicago Lawn
Amenities
large front windows
open front area
multiple additional rooms
kitchenette
Building Details
Year Built
1926
Listing Agency:
Keller Williams ONEChicago
(312) 216-2422
Listed By:
Andres Olaez · License #475180182
(312) 626-4693
Source:
Helenoliveri
Added: Oct 7
Changed: Nov 1
Last Checked: Oct 31 at 9:54PM
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 Keller Williams ONEChicago
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Investment Insights
Based on property information with market context.
This 1000-square-foot storefront at 3049 W 59th Street in Chicago has an open front area, multiple additional rooms, and a kitchenette with cabinetry, a countertop, and a sink. Large windows face the street, and the building dates to 1926.
Key Highlights
- 1000‑square‑foot storefront
- Open front area with multiple additional rooms
- Kitchenette includes cabinetry, a countertop, and a sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,835
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,700
$276.7K
Cap Rate 7%
$197,643
$197.6K
Cap Rate 9%
$153,722
$153.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.8K −$1.84/SF
EGI
$19.8K $19.76/SF
− OpEx
−$5.9K −$5.93/SF
NOI
$13.8K $13.83/SF
Area
ZIP 60629
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,700
Cap Rate 7%
$197,643
Cap Rate 9%
$153,722
Alternative Uses
Best Use
Retail
$197.6K
$172.9K – $230.6K
NOI $13,835 @ 7.0% cap · market cap 125,772.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$897.1K
$784.9K – $1.05M
NOI $62,795 @ 7.0% cap · market cap 570,863.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60629, IL
114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Tarrytown Florist | Send Flowers Chicago, IL — 3005 W 63rd St, Chicago, IL 60629
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- Floral Fantasies — 2712 w 59th st, chicago, il 60629
- D S A Flower & Giftshop — 2750 W 59th St, Chicago, IL 60629
- Alhely's Flowera — 3314 W 55th St, Chicago, IL 60632
Frequently Asked Questions
What type of property is this?
Storefront property - An open front area is paired with several additional rooms and a kitchenette.
Where is this storefront property located?
The property is located at 3049 W 59th Street Chicago, IL.
What are key features of this property?
This property features: 1000‑square‑foot storefront; Open front area with multiple additional rooms; Kitchenette includes cabinetry, a countertop, and a sink
