Loft Office/Retail
New
For Sale
$246,000
4037 N PULASKI Road #R, Chicago, IL 60641
An open work area, private offices, kitchenette and two bathrooms provide a flexible commercial layout.
Property Size1,000 SF
Price / SF$246
Days on Market4
Property Features for 4037 N PULASKI Road #R
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Site & Location
Neighborhood
Irving Park
Highway Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office/Retail
Taxes and HOA fees
Annual Taxes
$7,344
Amenities
bar/kitchenette
Central air
Central Air Cooling
Building Details
Year Built
2005
Listing Agency:
HOMESMART REALTY GROUP
(630) 578-0002
Listed By:
VIOREL CATARAMA
(630) 514-4675
Source:
Corcoran
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 30 at 2:20PM
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 HOMESMART REALTY GROUP
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Investment Insights
Based on property information with market context.
This 1,000-square-foot mixed-use unit combines an open work area with private offices. Interior features include wide-plank flooring, a kitchenette and two private bathrooms. The property was built in 2005 and is suited to office or retail use.
At 4037 N. Pulaski Road, Unit R, the property is near the intersection of Pulaski and Irving Park Roads, with access to the Kennedy Expressway. Monthly maintenance covers trash, building insurance and common-area utilities.
At 4037 N. Pulaski Road, Unit R, the property is near the intersection of Pulaski and Irving Park Roads, with access to the Kennedy Expressway. Monthly maintenance covers trash, building insurance and common-area utilities.
Key Highlights
- 1,000‑square‑foot mixed‑use unit
- Open workspace with private offices
- Kitchenette and two private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,456
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,120
$429.1K
Cap Rate 7%
$306,514
$306.5K
Cap Rate 9%
$238,400
$238.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$38.4K $38.40/SF
− Vacancy
−$9.8K −$9.79/SF
EGI
$28.6K $28.61/SF
− OpEx
−$7.2K −$7.15/SF
NOI
$21.5K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,120
Cap Rate 7%
$306,514
Cap Rate 9%
$238,400
Alternative Uses
Best Use
Office B
$306.5K
$268.2K – $357.6K
NOI $21,456 @ 7.0% cap · market cap 8.72%
Second Best
Mixed Use
$241.1K
$210.9K – $281.3K
NOI $16,875 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap · market cap 13.42%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,899
Businesses Nearby
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - An open work area, private offices, kitchenette and two bathrooms provide a flexible commercial layout.
Where is this mixed-use property located?
The property is located at 4037 N PULASKI Road #R Chicago, IL.
What is the asking price?
The asking price for this property is $246,000.
What are key features of this property?
This property features: 1,000‑square‑foot mixed‑use unit; Open workspace with private offices; Kitchenette and two private bathrooms
