Indoor Parking Space For
For Sale
$149,900
Pending
5320 N Sheridan Road #310, Chicago, IL 60640
Deeded parking space in Edgewater's Metropolitan Condominium building.
Property Size600 SF
Days on Market230
Property Features for 5320 N Sheridan Road #310
General Information
Standard status
Pending
Size
600 SF
Property subtype
Apartment
Building Details
Building Size
600 SF
Year Built
1984
Listing Agency:
Jameson Sotheby's Intl Realty
Listed By:
David Duncan · License #475180823
(312) 217-5421
Source:
Chicago-home-listings.kw
Added: Mar 5
Changed: Oct 3
Last Checked: Oct 20 at 5:18PM
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 Jameson Sotheby's Intl Realty
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.
A deeded parking space is available for purchase in the Metropolitan Condominium building, located at 5320 N. Sheridan Road in Edgewater. The secure, indoor parking space, designated as C41, is situated on the second floor of the garage. The location is across the street from shopping and on the 147 express bus line. Ownership of a condominium unit or residency in the building is not a requirement for purchase.
Key Highlights
- Deeded parking space in a secure, indoor garage.
- Purchaser does not need to own a condominium unit or reside in the building.
- Located in the Metropolitan Condominium building at 5320 N. Sheridan Road in Edgewater.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,301
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,020
$166.0K
Cap Rate 7%
$118,586
$118.6K
Cap Rate 9%
$92,233
$92.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$13.0K $21.60/SF
− Vacancy
−$1.1K −$1.84/SF
EGI
$11.9K $19.76/SF
− OpEx
−$3.6K −$5.93/SF
NOI
$8.3K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,020
Cap Rate 7%
$118,586
Cap Rate 9%
$92,233
Alternative Uses
Best Use
Retail
$118.6K
$103.8K – $138.4K
NOI $8,301 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$53.8K
$47.0K – $62.7K
NOI $3,763 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,785
Businesses Nearby
149k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 26%
Dining 22%
Home Improvements & Furnishings 5%
Mariano's
Groceries
38,415 visits/mo
0.2 miles
McDonald's
Dining
27,614 visits/mo
0.3 miles
Shell
Shops & Services
22,949 visits/mo
0.5 miles
BP
Shops & Services
17,307 visits/mo
0.3 miles
Chase Bank
Shops & Services
9,088 visits/mo
0.5 miles
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 4800 N Ashland Ave, Chicago, IL 60640
- Penske Truck Rental — 1522 W Lawrence Ave, Chicago, IL 60640
- U-Haul Neighborhood Dealer — 4922 n clark st, chicago, il 60640
- HolylandCars / США – Автопрокат — 4950 N Marine Dr, Chicago, IL 60640
- U-Haul Neighborhood Dealer — 5147 N Clark St, Chicago, IL 60640
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Deeded parking space in Edgewater's Metropolitan Condominium building.
Where is this parking lot & garage located?
The property is located at 5320 N Sheridan Road #310 Chicago, IL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Deeded parking space in a secure, indoor garage.; Purchaser does not need to own a condominium unit or reside in the building.; Located in the Metropolitan Condominium building at 5320 N. Sheridan Road in Edgewater.
