Two-Story Warehouse with
5923 S Wentworth Ave Chicago, IL 60621
New
5923 S Wentworth Ave, Chicago, IL, 60621
$650,000
For Sale
$650,000
Two-story industrial building with two drive-in doors and dedicated first-floor warehouse plus second-floor office space.
Property Size7,000 SF
Price / SF$92.86
Days on Market4
Property Features for 5923 S Wentworth Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1896
Listing Agency
33 Realty
(219) 465-8584
Listed by
Gene Hart · License ##475.149185
(219) 465-8584
Source
Thebrokerlist
Added: Jul 14 Checked: Jul 17 at 2:38 am
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 33 Realty
Investment Insights
Based on property information with market context.
This two-story industrial warehouse and office property was completely gut-rehabilitated in 2017 and is configured as two side-by-side duplex units. The first floor includes approximately 4,000 SF of warehouse space, while the second floor provides approximately 3,000 SF of office space, and the layout can be operated by a single tenant or owner-user.
The building features two 14' drive-in doors and is zoned C1-1. Improvements include separate utilities, sprinklers throughout, and interior office amenities such as multiple private offices, a conference room, two full bathrooms, and additional bathrooms plus two kitchenettes.
Additional on-site parking is provided, supporting flexible day-to-day use for warehouse and office operations.
The building features two 14' drive-in doors and is zoned C1-1. Improvements include separate utilities, sprinklers throughout, and interior office amenities such as multiple private offices, a conference room, two full bathrooms, and additional bathrooms plus two kitchenettes.
Additional on-site parking is provided, supporting flexible day-to-day use for warehouse and office operations.
Key Highlights
- Two‑story industrial warehouse & office building with a +/-7,000 SF total area
- Completely gut‑rehabbed in 2017
- Two side‑by‑side duplex units: first‑floor warehouse with second‑floor office, operable by one tenant/owner‑user
Local Financial Insights For Warehouse
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 | $66.0k | $9.43 |
| − Vacancy | −$3.6k | −$0.52 |
| EGI | $62.4k | $8.91 |
| − OpEx | −$9.4k | −$1.34 |
| NOI | $53.0k | $7.57 |
7,000 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,192 @ 7.0% cap · market cap 23.11%
Second Best
Flex RnD
$1.15M
$1.01M – $1.35M
NOI $80,808 @ 7.0% cap · market cap 12.43%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 35.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Catalyst Realty LLC
Property Management Company
Similar For Sale Nearby
Similar Off Market Nearby
- Ms. Biscuit — 5431 S Wabash Ave, Chicago, IL 60615
- Mama Lucy's Catering — 6054 S Prairie Ave, Chicago, IL 60637
FAQs
What type of property is this?
Flex space - Two-story industrial building with two drive-in doors and dedicated first-floor warehouse plus second-floor office space.
Where is this flex space located?
The property is located at 5923 S Wentworth Ave Chicago, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑story industrial warehouse & office building with a +/-7,000 SF total area; Completely gut‑rehabbed in 2017; Two side‑by‑side duplex units: first‑floor warehouse with second‑floor office, operable by one tenant/owner‑user
