Two-Unit Mixed-Use Retail
4233-39 N Kedzie Ave., Chicago, IL 60618
For Sale
$399,000
Newer-construction storefront property with flexible retail and office layouts in a mixed-use building.
Property Size2,020 SF
Price / SF$203.57
Days on Market95
Property Features for 4233-39 N Kedzie Ave.
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Amenities
private offices
washroom
utility room
Building Details
Building Size
Year Built
Year Renovated
Buildings
Units
Tenancy
Listing Agency:
First Western Properties
Listed By:
Paul Tsakiris · License IL #471005153
(773) 355-4780
Source:
Commercialcafe
Added: Aug 10
Changed: Nov 5
Last Checked: Nov 12 at 4:30AM
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 First Western Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains two retail storefront units within a 2007 building. The spaces measure 1,154 square feet and 806 square feet and may be combined or occupied separately. Interior layouts include open retail areas, private offices, a washroom, and a utility room. One unit is immediately available, while the short lease terms provide flexibility for future occupancy changes or lease restructuring.
The property is located at 4233-39 N. Kedzie Ave. in Chicago’s Old Irving Park neighborhood, just north of the Irving Park and Kedzie intersection. It sits across from Cermak Produce and benefits from exposure along Kedzie Avenue. The commercial configuration supports both user occupancy and continued retail leasing, with NNN lease terms identified for the available space.
The property is located at 4233-39 N. Kedzie Ave. in Chicago’s Old Irving Park neighborhood, just north of the Irving Park and Kedzie intersection. It sits across from Cermak Produce and benefits from exposure along Kedzie Avenue. The commercial configuration supports both user occupancy and continued retail leasing, with NNN lease terms identified for the available space.
Key Highlights
- Two retail units measuring 1,154 square feet and 806 square feet
- 2007 mixed‑use building with newer construction
- Units can be occupied separately or combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,075
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
$661.5K
Cap Rate 7%
$472,500
$472.5K
Cap Rate 9%
$367,500
$367.5K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$58.8K $30.00/SF
− Vacancy
−$5.9K −$3.00/SF
EGI
$52.9K $27.00/SF
− OpEx
−$19.8K −$10.13/SF
NOI
$33.1K $16.88/SF
Area
ZIP 60618
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
Cap Rate 7%
$472,500
Cap Rate 9%
$367,500
Alternative Uses
Best Use
Mixed Use
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 8.29%
Second Best
Retail
$393.8K
$344.6K – $459.5K
NOI $27,568 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$856.4K
$749.3K – $999.1K
NOI $59,946 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,997
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 13%
Home Improvements & Furnishings 4%
McDonald's
Dining
28,743 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,380 visits/mo
0.4 miles
Jays True Value
Home Improvements & Furnishings
1,216 visits/mo
0.5 miles
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Chicago, IL
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Newer-construction storefront property with flexible retail and office layouts in a mixed-use building.
Where is this mixed-use property located?
The property is located at 4233-39 N Kedzie Ave. Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two retail units measuring 1,154 square feet and 806 square feet; 2007 mixed‑use building with newer construction; Units can be occupied separately or combined
