Two-Unit Flex
5923 S WENTWORTH Avenue, Chicago, IL 60621
For Sale
New
$625,000
The two side-by-side units can be combined for operation by one tenant or owner-user.
Property Size5,760 SF
Price / SF$108.51
Days on Market4
Property Features for 5923 S WENTWORTH Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Sprinkler System
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Kitchenettes
Conference Room
Private Offices
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Bauvista Illinois LLC
Listed By:
Gene Hart · License ##475.149185
(312) 210-0101
Source:
Harkinsandassociates
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:54PM
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 Bauvista Illinois LLC
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Investment Insights
Based on property information with market context.
This two-story flex property is arranged as a pair of side-by-side units, each with warehouse space on the ground floor and office space above. The layout can also support occupancy by a single tenant or owner-user. Two 14-foot drive-in doors serve the warehouse areas, and the building includes multiple private offices, a conference room, two kitchenettes, five bathrooms—including two full bathrooms—and sprinklers throughout.
The property underwent a gut rehabilitation in 2017. It has separate utilities and exterior parking, and is zoned C1-1. Located on S Wentworth Avenue in Chicago’s Washington Park neighborhood, the property offers a combination of warehouse and office space in one building.
The property underwent a gut rehabilitation in 2017. It has separate utilities and exterior parking, and is zoned C1-1. Located on S Wentworth Avenue in Chicago’s Washington Park neighborhood, the property offers a combination of warehouse and office space in one building.
Key Highlights
- Two side‑by‑side warehouse and office units, with the option for one tenant or owner‑user
- Two 14‑foot drive‑in doors
- Gut rehabilitation completed in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,630
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,600
$872.6K
Cap Rate 7%
$623,286
$623.3K
Cap Rate 9%
$484,778
$484.8K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$54.3K $9.43/SF
− Vacancy
−$3.0K −$0.52/SF
EGI
$51.3K $8.91/SF
− OpEx
−$7.7K −$1.34/SF
NOI
$43.6K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,600
Cap Rate 7%
$623,286
Cap Rate 9%
$484,778
Alternative Uses
Best Use
Office B
$1.77M
$1.54M – $2.06M
NOI $123,587 @ 7.0% cap · market cap 19.77%
Second Best
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 15.55%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,108 @ 7.0% cap · market cap 30.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Drive-in doors
2
Office units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Chicago, IL
Properties on Market for Flex space in Chicago
Vacancy Rate% for Office in Chicago, IL
Similar Off Market Nearby
- Mama Lucy's Catering — 6054 S Prairie Ave, Chicago, IL 60637
- Ms. Biscuit — 5431 S Wabash Ave, Chicago, IL 60615
Frequently Asked Questions
What type of property is this?
Flex space - The two side-by-side units can be combined for operation by one tenant or owner-user.
Where is this flex space located?
The property is located at 5923 S WENTWORTH Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two side‑by‑side warehouse and office units, with the option for one tenant or owner‑user; Two 14‑foot drive‑in doors; Gut rehabilitation completed in 2017
