Mixed-Use Building with
For Sale
$725,000
4785 S Archer Ave, Chicago, IL 60632
The property combines a neighborhood bar, kitchen, and three apartments.
Property Size3,840 SF
Price / SF$188.80
Days on Market76
Property Features for 4785 S Archer Ave
General Information
Standard status
Active
Size
3,840 SF
Total Parking Spaces
5
Zoning
C2-1
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Business Included
Yes
Public Transit
Yes
Building Details
Year Built
1901
Listing Agency:
Shield Real Estate
Listed By:
Rafael Alvarado · License #471015563
(773) 791-8198
Source:
Liveliferealty
Added: Jul 30
Changed: Oct 4
Last Checked: Oct 12 at 10:17PM
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 Shield Real Estate
Investment Insights
Based on property information with market context.
This 3,840 SF mixed-use property, built in 1901, includes an operating neighborhood bar with a kitchen and three apartments. The first-floor residential unit has two bedrooms, while the two upper-level apartments each contain three bedrooms. Every apartment has individual central air and heat. A two-car brick garage and two to three additional rear parking spaces are included. Trade fixtures remain with the sale, and the corporation is included.
The property is located at 4785 and 4787 S Archer Ave and is zoned C2-1. Public transportation is available at the corner, with the Orange line a short distance away. The property is positioned in a high-traffic area with a reported 26,000 average daily traffic count north, alongside nearby new construction and rehabilitation activity.
The property is located at 4785 and 4787 S Archer Ave and is zoned C2-1. Public transportation is available at the corner, with the Orange line a short distance away. The property is positioned in a high-traffic area with a reported 26,000 average daily traffic count north, alongside nearby new construction and rehabilitation activity.
Key Highlights
- 3,840 SF mixed‑use property built in 1901
- Three apartments: two 3‑bedroom units and one 2‑bedroom unit
- Operating bar with kitchen and trade fixtures included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,360
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,200
$1.3M
Cap Rate 7%
$905,143
$905.1K
Cap Rate 9%
$704,000
$704.0K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$115.2K $30.00/SF
− Vacancy
−$13.8K −$3.60/SF
EGI
$101.4K $26.40/SF
− OpEx
−$38.0K −$9.90/SF
NOI
$63.4K $16.50/SF
Area
ZIP 60632
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,200
Cap Rate 7%
$905,143
Cap Rate 9%
$704,000
Alternative Uses
Best Use
Mixed Use
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 8.74%
Second Best
Specialty Retail
$734.6K
$642.8K – $857.1K
NOI $51,425 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,289 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
992
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a neighborhood bar, kitchen, and three apartments.
Where is this mixed-use property located?
The property is located at 4785 S Archer Ave Chicago, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,840 SF mixed‑use property built in 1901; Three apartments: two 3‑bedroom units and one 2‑bedroom unit; Operating bar with kitchen and trade fixtures included
