Mixed-Use Property with Warehouse
For Sale
$799,000
3612 W Roosevelt Road, Chicago, IL 60624
Commercial Sale, Chicago, IL
Property Size4,800 SF
Lot Size0.27 Acres
Price / SF$85.91
Days on Market295
Property Features for 3612 W Roosevelt Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
East or West on Roosevelt Rd to 3612. Nearest cross street is Central Park.
Subdivision
CHI - North Lawndale
Standard status
Active
APN
16143280580000
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
39979
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1915
Floors in Building
2
Number of units
5
Building materials
Brick
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
David McLennan · License #475165323
(312) 925-7938
Added: Dec 15, 2025
Changed: Sep 30
Last Checked: Oct 6 at 11:06PM
MLS# 12533177
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 mixed-use holding spans four Roosevelt Road addresses and approximately 0.2738 acres. The improvements include about 9,300 sf of office and warehouse area, with cold-storage use within the warehouse portion. The property also contains two renovated apartments totaling approximately 2,700 sf of living space. One residence offers three bedrooms and one bathroom, while the other includes two bedrooms and one bathroom.
The connected commercial space at 3614 and 3616 W. Roosevelt Rd. totals approximately 4,800 sf, including about 750 sf of offices. At 3612 W. Roosevelt Rd., approximately 4,500 sf is dedicated to warehouse and storage space beneath the apartments. The 3618 W. Roosevelt Rd. parcel is largely paved and provides approximately 2,600 sf for loading activity and truck parking, along with a small covered loading dock. The property is zoned COMMR, features brick construction, and dates to 1915.
The connected commercial space at 3614 and 3616 W. Roosevelt Rd. totals approximately 4,800 sf, including about 750 sf of offices. At 3612 W. Roosevelt Rd., approximately 4,500 sf is dedicated to warehouse and storage space beneath the apartments. The 3618 W. Roosevelt Rd. parcel is largely paved and provides approximately 2,600 sf for loading activity and truck parking, along with a small covered loading dock. The property is zoned COMMR, features brick construction, and dates to 1915.
Key Highlights
- Four‑address Roosevelt Road assemblage totaling approximately 0.2738 acres
- Approximately 9,300 sf of combined office and warehouse space
- Two renovated apartments totaling approximately 2,700 sf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,444
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,880
$1.4M
Cap Rate 7%
$1,006,343
$1.0M
Cap Rate 9%
$782,711
$782.7K
Market Conditions
NOI Build-Up for 9,300 SF
Gross rent
$87.7K $9.43/SF
− Vacancy
−$4.8K −$0.52/SF
EGI
$82.9K $8.91/SF
− OpEx
−$12.4K −$1.34/SF
NOI
$70.4K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,880
Cap Rate 7%
$1,006,343
Cap Rate 9%
$782,711
Alternative Uses
Best Use
Office B
$2.85M
$2.49M – $3.33M
NOI $199,541 @ 7.0% cap · market cap 24.97%
Second Best
Mixed Use
$2.24M
$1.96M – $2.62M
NOI $156,938 @ 7.0% cap · market cap 19.64%
Theoretical Best
Office A
$4.38M
$3.84M – $5.12M
NOI $306,945 @ 7.0% cap · market cap 38.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
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Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-address commercial property combines warehouse, office, paved loading space, and renovated residential units.
Where is this mixed-use property located?
The property is located at 3612 W Roosevelt Road Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑address Roosevelt Road assemblage totaling approximately 0.2738 acres; Approximately 9,300 sf of combined office and warehouse space; Two renovated apartments totaling approximately 2,700 sf
