Single-Story Church
New
For Sale
$399,900
3452 W North Avenue, Chicago, IL 60647
A rear kitchen, two bathrooms, storage and fenced parking complement the main gathering area.
Property Size1,500 SF
Price / SF$266.60
Days on Market5
Property Features for 3452 W North Avenue
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
9
Property subtype
COMMERCIAL
Zoning
B3-1
Site & Location
Neighborhood
Logan Square
Additional Details
Currently Operating
Yes
Amenities
full kitchen
two bathrooms
additional storage space
fully fenced rear lot
Building Details
Building Size
1,500 SF
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
REMAX Legends
Listed By:
Edgardo Guerrero · License #475159071
(708) 655-5000
Source:
Harkinsandassociates
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 REMAX Legends
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Investment Insights
Based on property information with market context.
This single-story church property at 3452 W North Avenue in Chicago contains approximately 1,500 square feet of above-grade space. The interior includes a main gathering area, a kitchen at the rear, two bathrooms and additional storage. The building is currently operating as a church.
A fully fenced rear lot provides parking for approximately 9 vehicles. The property is zoned B3-1, and any use is subject to applicable zoning requirements and approvals.
A fully fenced rear lot provides parking for approximately 9 vehicles. The property is zoned B3-1, and any use is subject to applicable zoning requirements and approvals.
Key Highlights
- Approximately 1,500 square feet of above‑grade space
- Single‑story building with a main gathering area, rear kitchen, two bathrooms and storage
- Fully fenced rear lot with parking for approximately 9 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,752
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,040
$415.0K
Cap Rate 7%
$296,457
$296.5K
Cap Rate 9%
$230,578
$230.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$29.6K $19.76/SF
− OpEx
−$8.9K −$5.93/SF
NOI
$20.8K $13.83/SF
Area
Chicago, IL
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%
$415,040
Cap Rate 7%
$296,457
Cap Rate 9%
$230,578
Alternative Uses
Best Use
Retail
$296.5K
$259.4K – $345.9K
NOI $20,752 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
24,035 visits/mo
0.4 miles
Dollar General
Shops & Services
11,480 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,602 visits/mo
0.4 miles
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
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
Frequently Asked Questions
What type of property is this?
Church & religious facility - A rear kitchen, two bathrooms, storage and fenced parking complement the main gathering area.
Where is this church & religious facility located?
The property is located at 3452 W North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Approximately 1,500 square feet of above‑grade space; Single‑story building with a main gathering area, rear kitchen, two bathrooms and storage; Fully fenced rear lot with parking for approximately 9 vehicles
