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Mixed-Use Retail and Residential Building

4445-4447 N Broadway Street Chicago, IL 60640

Claim this Listing
New
For Sale
$1,350,000

COMMERCIAL - Chicago, IL

Property size:
3,846 SF
Lot size:
0.12 Acres
Price / SF:
$351.01/SF
Added:
Jul 12, 2026
Days on Market:
2
Last Refresh:
Jul 13 at 9:06 pm

Property Features for 4445-4447 N Broadway Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active
APN
14172250080000
Lot size
0.12 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
31848

Utilities

Cooling system
Central Air

Building Details

Year built
1909
Floors in Building
3
Number of units
4
Flooring type
Carpet, Wood
Building materials
Brick

Listing agent Ryan Luu License #471022102

Listing office Real People Realty 9981 W. 190th St. Unit H, Mokena, IL

Listing date Jul 12, 2026

MLS# 12702882

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 offering consists of two adjacent properties at 4445-4447 N Broadway. 4445 N Broadway includes a remodeled street-level pawn shop and two residential units above, with both units featuring 3 bedrooms. Unit 2 includes 1.5 bathrooms and has been recently remodeled, while Unit 3 offers 1 full bathroom. The apartments share the rear rooftop and have in-unit laundry rooms, with separate furnaces, electric panels, and gas service. An unfinished basement adds additional storage or possible future use, and the property is listed at approximately 3,846 square feet.

4447 N Broadway is occupied by a long-term restaurant tenant and features a large open dining area, an unfinished basement, separate central heating, electric panel, and gas service. The offering also notes one parking space associated with 4447.

The properties are described as being in Uptown and within walking distance of shopping, restaurants, grocery stores, public transportation (CTA Red Line and bus routes), Lake Michigan, parks and beaches, hospitals, and schools. Zoning is listed as COMMR.

Key Highlights

  • Two adjacent mixed‑use properties: 4445 N Broadway St (2,450 SF lot) and 4447 N Broadway St (2,575 SF lot).
  • 4445 N Broadway St: 3,846 SF building with remodeled street‑level pawn shop plus two 3‑bedroom residential units above.
  • 4445 units share rooftop and each has in‑unit laundry; Units 2 and 3 have separate furnaces, electric panels, and gas service.

Local Financial Insights For Specialty Retail

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 $101.5k $26.40
− Vacancy −$6.1k −$1.58
EGI $95.4k $24.82
− OpEx −$23.9k −$6.20
NOI $71.6k $18.61
3,846 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.02M
$894.8K – $1.19M (±1% cap)
NOI $71,582 @ 7.0% cap · market cap 5.30%
Second Best
Mixed Use
$927.2K
$811.3K – $1.08M (±1% cap)
NOI $64,901 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M (±1% cap)
NOI $126,936 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Electrical Service Auto Parts Store HVAC Service Nursing Home Nursing Home Building Supply Carpet & Flooring Store Home Appliance Store (Bike/Boat/Book/etc) Store Locksmith

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Two adjacent Broadway properties combine street-level retail and restaurant space with two 3-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 4445-4447 N Broadway Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two adjacent mixed‑use properties: 4445 N Broadway St (2,450 SF lot) and 4447 N Broadway St (2,575 SF lot).; 4445 N Broadway St: 3,846 SF building with remodeled street‑level pawn shop plus two 3‑bedroom residential units above.; 4445 units share rooftop and each has in‑unit laundry; Units 2 and 3 have separate furnaces, electric panels, and gas service.
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