Two-Story Industrial Warehouse and Office

5923 S WENTWORTH Avenue Chicago, IL 60621

Claim this Listing
New
For Sale
$650,000

COMMERCIAL - Chicago, IL

Property size:
7,000 SF
Lot size:
0.19 Acres
Price / SF:
$92/SF
Added:
Jul 13, 2026
Days on Market:
1
Last Refresh:
Jul 13 at 10:06 am

Property Features for 5923 S WENTWORTH Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active
APN
20164040070000
Lot size
0.19 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
6219

Building Details

Year built
1896
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Fiberglass

Listing agent Thomas Hart License #475149185

Listing office 33 Realty 357 W. Chicago Ave., Chicago, IL

Listing date Jul 13, 2026

MLS# 12702895

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-story industrial warehouse and office property at 5923–27 S Wentworth offers two side-by-side duplex configurations that can be operated separately or together as a single owner-user. The building was completely gut-rehabbed in 2017 and includes approximately 4,000 square feet of first-floor warehouse space and approximately 3,000 square feet of second-floor office space, along with two 14' drive-in doors. Improvements also include separate utilities, sprinklers throughout, five bathrooms (two full), two kitchenettes, a conference room, and multiple private offices.

The property is situated in the Washington Park neighborhood of Chicago. It is zoned COMMR (listed as C1-1 in the remarks) and provides ample exterior parking for daily operations and tenant access.

The layout supports flexible use across warehouse and office functions, with the ability to run the units independently or consolidate operations under one tenant or owner-user.

Key Highlights

  • +/-7,000 SF two‑story brick industrial warehouse and office building in Chicago’s Washington Park neighborhood
  • Completely gut‑rehabbed in 2017 with two side‑by‑side duplex units that can be run as one tenant/owner‑user
  • Two 14' drive‑in doors; +/-4,000 SF first‑floor warehouse space and +/-3,000 SF second‑floor office space

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 (±1% cap)
NOI $150,192 @ 7.0% cap · market cap 23.11%
Second Best
Flex RnD
$1.15M
$1.01M – $1.35M (±1% cap)
NOI $80,808 @ 7.0% cap · market cap 12.43%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M (±1% cap)
NOI $231,034 @ 7.0% cap · market cap 35.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Catalyst Realty LLC Plumber

Suggested Use

Law Firm Real Estate Agency Building Supply Kitchen & Bath Showroom Spa & Massage Center Gym & Fitness Center Bakery (Bike/Boat/Book/etc) Store Skin Care Clinic Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

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 side-by-side warehouse/office units with separate utilities, two drive-in doors, and on-site parking.
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 $650,000.
What are key features of this property?
This property features: +/-7,000 SF two‑story brick industrial warehouse and office building in Chicago’s Washington Park neighborhood; Completely gut‑rehabbed in 2017 with two side‑by‑side duplex units that can be run as one tenant/owner‑user; Two 14' drive‑in doors; +/-4,000 SF first‑floor warehouse space and +/-3,000 SF second‑floor office space
Contact an agent
More about this property
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