3905 N Western Ave, Chicago, IL 60618
Mixed-use property with a 6.08% CAP rate, totaling 65,346 SqFt.
- Added:
- Mar 16, 2026
- Days on Market:
- 115
- Last Refresh:
- Jul 3 at 6:04 am
Property Features for 3905 N Western Ave
General Information
- Standard status
- Active
- Size
- 65,346 SF
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 2009
Listing office Marcus & Millichap - Chicago Downtown
Listing date Mar 16, 2026
Source Crexi
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HighLights
- 65,346 SqFt Property
- Mixed Use Property
- Attractive 6.08% CAP Rate
- Year Built: 2009
Overview
Local Financial Insights For Mixed Use
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 | $1.96M | $30.00 |
| − Vacancy | −$196.0k | −$3.00 |
| EGI | $1.76M | $27.00 |
| − OpEx | −$661.6k | −$10.13 |
| NOI | $1.10M | $16.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6881797
- Latitude
- 41.9524154
