Mixed-Use Building with
6141 N Broadway, Chicago, IL 60660
For Sale
Contact for pricing
Two commercial spaces are paired with an upstairs apartment and a rear automotive repair area.
Property Size6,100 SF
Lot Size0.16 Acres
Price / SF$237.70
Days on Market34
Property Features for 6141 N Broadway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Automotive Uses
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
John Przybyla · License #471010441
(312) 533-8899
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 6:16PM
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 Horvath & Tremblay
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.
The 6,100-square-foot property occupies approximately 0.16 acres and dates to 1905. Its three-unit layout includes a restaurant space facing Broadway, a second-floor one-bedroom apartment, and a rear automotive repair area. The two commercial units are leased on short-term agreements. B3-5 Community Shopping District zoning applies to the property, allowing retail, service, and commercial uses as well as residential units above the ground floor.
On N Broadway in Chicago’s Edgewater neighborhood, the property is approximately 8 miles north of Downtown Chicago. CTA bus service and the Granville Red Line Station are nearby. W Granville Avenue, W Devon Avenue, W Thorndale Avenue, and N Sheridan Road provide access to other parts of Chicago’s North Side. Nearby destinations include Loyola University Chicago’s Lake Shore Campus, Lake Michigan, and neighborhood parks.
On N Broadway in Chicago’s Edgewater neighborhood, the property is approximately 8 miles north of Downtown Chicago. CTA bus service and the Granville Red Line Station are nearby. W Granville Avenue, W Devon Avenue, W Thorndale Avenue, and N Sheridan Road provide access to other parts of Chicago’s North Side. Nearby destinations include Loyola University Chicago’s Lake Shore Campus, Lake Michigan, and neighborhood parks.
Key Highlights
- 6,100‑square‑foot building on approximately 0.16 acres
- Two commercial units and one residential unit
- Restaurant space facing Broadway, second‑floor one‑bedroom apartment, and rear automotive repair area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,533
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,660
$2.3M
Cap Rate 7%
$1,621,900
$1.6M
Cap Rate 9%
$1,261,478
$1.3M
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$161.0K $26.40/SF
− Vacancy
−$9.7K −$1.58/SF
EGI
$151.4K $24.82/SF
− OpEx
−$37.8K −$6.20/SF
NOI
$113.5K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,660
Cap Rate 7%
$1,621,900
Cap Rate 9%
$1,261,478
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,533 @ 7.0% cap · market cap 7.83%
Second Best
Mixed Use
$1.47M
$1.29M – $1.72M
NOI $102,938 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,329 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,540
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 30%
Shops & Services 9%
Whole Foods Market
Groceries
38,840 visits/mo
0.2 miles
McDonald's
Dining
28,639 visits/mo
0.1 miles
Dunkin' Donuts
Dining
12,163 visits/mo
0.2 miles
Starbucks
Dining
11,282 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
8,077 visits/mo
0.2 miles
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Chicago, IL
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces are paired with an upstairs apartment and a rear automotive repair area.
Where is this mixed-use property located?
The property is located at 6141 N Broadway Chicago, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 6,100‑square‑foot building on approximately 0.16 acres; Two commercial units and one residential unit; Restaurant space facing Broadway, second‑floor one‑bedroom apartment, and rear automotive repair area
