Mixed-Use Property with
For Sale
$350,000
4748 South Pulaski Road, Chicago, IL 60632
Commercial frontage, a separate legal residence, and a full basement support multiple operational configurations.
Property Size2,725 SF
Price / SF$128.44
Days on Market161
Property Features for 4748 South Pulaski Road
General Information
Standard status
Active
Size
2,725 SF
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$6,020
Amenities
expansive full basement
Building Details
Year Built
1931
Stories
1
Listing Agency:
RE/MAX LOYALTY
(773) 559-3424
Listed By:
Fernando Rocha · License #475162241
(773) 559-3424
Source:
Compass
Added: Mar 24
Changed: Aug 30
Last Checked: Aug 30 at 4:12PM
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 RE/MAX LOYALTY
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial storefront at the front with a separate legal residential unit behind it. The storefront can accommodate retail, office, medical, or service-oriented uses, while the rear residence provides an additional component for occupancy or rental income. A full basement with approximately 10-foot ceilings adds substantial enclosed space for storage, workspace, or future build-out. The property was built in 1931 and carries COMMR zoning.
Located at 4748 South Pulaski Road in Chicago’s Archer Heights neighborhood, the property occupies a deep lot with additional outdoor area and parking potential. The offering is being sold as-is and is positioned for a business, residential, or combined live/work configuration.
Located at 4748 South Pulaski Road in Chicago’s Archer Heights neighborhood, the property occupies a deep lot with additional outdoor area and parking potential. The offering is being sold as-is and is positioned for a business, residential, or combined live/work configuration.
Key Highlights
- Front commercial storefront with separate legal residential unit
- Full basement with approximately 10‑foot ceilings
- COMMR zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,322
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,440
$586.4K
Cap Rate 7%
$418,886
$418.9K
Cap Rate 9%
$325,800
$325.8K
Market Conditions
NOI Build-Up for 2,725 SF
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.
Gross rent
$45.8K $16.80/SF
− Vacancy
−$3.9K −$1.43/SF
EGI
$41.9K $15.37/SF
− OpEx
−$12.6K −$4.61/SF
NOI
$29.3K $10.76/SF
Area
ZIP 60632
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,440
Cap Rate 7%
$418,886
Cap Rate 9%
$325,800
Alternative Uses
Best Use
Office B
$858.0K
$750.8K – $1.00M
NOI $60,062 @ 7.0% cap · market cap 17.16%
Second Best
Mixed Use
$642.3K
$562.0K – $749.4K
NOI $44,963 @ 7.0% cap · market cap 12.85%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,942 @ 7.0% cap · market cap 23.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial frontage, a separate legal residence, and a full basement support multiple operational configurations.
Where is this mixed-use property located?
The property is located at 4748 South Pulaski Road Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Front commercial storefront with separate legal residential unit; Full basement with approximately 10‑foot ceilings; COMMR zoning
