Four-Story Mixed-Use Income
4150 South Western Avenue Chicago, IL 60609
4150 South Western Avenue, Chicago, IL, 60609
$850,000
For Sale
$850,000
Newer four-story mixed-use building with four fully rented units, including commercial space on the first floor.
Property Size2,998 SF
Price / SF$283.52
Days on Market70
Property Features for 4150 South Western Avenue
General Information
- Standard status
- Active
- Size
- 2,998 SF
Building Details
- Year Built
- 2008
Listing agency
The Leading Realtors Corp.
(847) 942-7793
Listed by
Jim Mantas · License #471008761
(847) 942-7793
Source
Compass
Added: May 15 Updated: Jul 22 at 5:37PM Checked: Jul 22 at 5:37PM
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 The Leading Realtors Corp.
Investment Insights
Based on property information with market context.
This newer construction four-story mixed-use building is fully occupied and consists of four income-producing units. Three residential units are included, each offering 2 bedrooms and 2 full bathrooms. Since acquisition, every unit has been completely renovated and updated, with the property positioned as a well-maintained, stabilized income asset.
The first floor features commercial space, adding an additional revenue stream alongside the residential units. The property also offers rear parking availability, along with additional unlimited street parking for tenants and visitors. It is conveniently located near public transportation and I-55, with access to amenities in the Bridgeport area.
With all units currently rented, the building provides immediate income production through both residential and commercial components.
The first floor features commercial space, adding an additional revenue stream alongside the residential units. The property also offers rear parking availability, along with additional unlimited street parking for tenants and visitors. It is conveniently located near public transportation and I-55, with access to amenities in the Bridgeport area.
With all units currently rented, the building provides immediate income production through both residential and commercial components.
Key Highlights
- 2008‑built four‑story mixed‑use building with four income‑producing units
- Fully occupied: all units currently rented
- Three residential units, each with 2 bedrooms and 2 full bathrooms
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 | $89.9k | $30.00 |
| − Vacancy | −$9.0k | −$3.00 |
| EGI | $80.9k | $27.00 |
| − OpEx | −$30.4k | −$10.13 |
| NOI | $50.6k | $16.88 |
2,998 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$722.7K
$632.4K – $843.2K
NOI $50,591 @ 7.0% cap · market cap 5.95%
Second Best
Multifamily LT 5
$713.9K
$624.7K – $832.9K
NOI $49,976 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,948 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rexx Rug
Carpet & Flooring Store
J & P Currency ...
Bank
Western Union
Bank
Vigo
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Newer four-story mixed-use building with four fully rented units, including commercial space on the first floor.
Where is this mixed-use property located?
The property is located at 4150 South Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2008‑built four‑story mixed‑use building with four income‑producing units; Fully occupied: all units currently rented; Three residential units, each with 2 bedrooms and 2 full bathrooms
