Mixed-Use Property with
For Sale
$495,000
5804 W Addison St, Chicago, IL 60634
The building combines a ground-floor office with a two-bedroom apartment and full basement.
Property Size2,000 SF
Price / SF$247.50
Days on Market8
Property Features for 5804 W Addison St
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
2
Property subtype
Commercial
Space & Availability
Floor
1
Condition
Built-Out
Furnished
No
Site & Location
Neighborhood
North Side
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Office Units
1
Property Use
Dental Office
Medical Specialty
dental
Building Details
Year Built
1926
Buildings
1
Stories
2
Owner Occupied
Yes
Abandoned
No
Listing Agency:
Hometown Real Estate Group
Listed By:
Gary Machnik · License #475093313
(773) 625-1121
Source:
Illianahomesource
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 28 at 3:24PM
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 Hometown Real Estate Group
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Investment Insights
Based on property information with market context.
This mixed-use building at 5804 W Addison St in Chicago has a 900-square-foot ground-floor office and a two-bedroom apartment upstairs. The office includes a waiting area, reception space, and several exam rooms; the current dental practice will leave at closing. Dental and exam equipment may be purchased separately. The apartment is leased through June 30, 2027. A full, unfinished basement measuring 39 by 22 feet provides additional storage, and the property also has an oversized two-car garage and a fenced yard.
Updates include new electrical service, a water heater, recent tuckpointing, and first-floor central air installed five years ago. The second-floor apartment uses radiator heat, which is paid for by the landlord.
Updates include new electrical service, a water heater, recent tuckpointing, and first-floor central air installed five years ago. The second-floor apartment uses radiator heat, which is paid for by the landlord.
Key Highlights
- 900‑square‑foot office with waiting area, reception space, and exam rooms
- Two‑bedroom apartment leased through June 30, 2027
- Full unfinished basement measures 39 by 22 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,525
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,500
$610.5K
Cap Rate 7%
$436,071
$436.1K
Cap Rate 9%
$339,167
$339.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$52.8K $26.40/SF
− Vacancy
−$4.0K −$1.98/SF
EGI
$48.8K $24.42/SF
− OpEx
−$18.3K −$9.16/SF
NOI
$30.5K $15.26/SF
Area
ZIP 60634
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,500
Cap Rate 7%
$436,071
Cap Rate 9%
$339,167
Alternative Uses
Best Use
Mixed Use
$436.1K
$381.6K – $508.8K
NOI $30,525 @ 7.0% cap · market cap 6.17%
Second Best
Office B
$394.0K
$344.7K – $459.6K
NOI $27,577 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$545.4K
$477.2K – $636.3K
NOI $38,175 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,962
Businesses Nearby
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Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines a ground-floor office with a two-bedroom apartment and full basement.
Where is this mixed-use property located?
The property is located at 5804 W Addison St Chicago, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 900‑square‑foot office with waiting area, reception space, and exam rooms; Two‑bedroom apartment leased through June 30, 2027; Full unfinished basement measures 39 by 22 feet
