Mixed-Use Building with
6600-04 W Roosevelt Rd W, Oak Park, IL 60304
For Sale
$1,250,000
Three apartments occupy the second floor above three ground-level retail units, each with separately metered utilities.
Property Size8,277 SF
Price / SF$151.02
Days on Market47
Property Features for 6600-04 W Roosevelt Rd W
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Charles Rutenberg Realty
Listed By:
Peter Liu · License IL #475143953
(630) 929-1100
Source:
Bktchicago
Added: Sep 26
Changed: Oct 25
Last Checked: Nov 10 at 2:36PM
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 Charles Rutenberg Realty
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Investment Insights
Based on property information with market context.
This 8,277-square-foot mixed-use property, built in 1909, combines three retail spaces on the ground floor with three apartments upstairs. Renovations to all six units have taken place since 2016. Each unit has separate heat, air conditioning, and utilities. Five units are occupied, while one commercial space is vacant and offered for lease.
The building occupies the northwest corner of Roosevelt Road and South East Avenue in Oak Park. The property includes four paved parking spaces at the rear and a brick garage sized for two cars. I-290, Harlem, and North Riverside Mall are cited as convenient destinations from the property.
The building occupies the northwest corner of Roosevelt Road and South East Avenue in Oak Park. The property includes four paved parking spaces at the rear and a brick garage sized for two cars. I-290, Harlem, and North Riverside Mall are cited as convenient destinations from the property.
Key Highlights
- 8,277‑square‑foot mixed‑use property built in 1909
- Three ground‑floor retail units and three second‑floor apartments
- All six units renovated since 2016; heat, air conditioning, and utilities separated by unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,020
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,400
$1.9M
Cap Rate 7%
$1,371,714
$1.4M
Cap Rate 9%
$1,066,889
$1.1M
Market Conditions
NOI Build-Up for 8,277 SF
Gross rent
$187.7K $22.68/SF
− Vacancy
−$13.1K −$1.59/SF
EGI
$174.6K $21.09/SF
− OpEx
−$78.6K −$9.49/SF
NOI
$96.0K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,400
Cap Rate 7%
$1,371,714
Cap Rate 9%
$1,066,889
Alternative Uses
Best Use
Mixed Use
$2.00M
$1.75M – $2.33M
NOI $139,674 @ 7.0% cap · market cap 11.17%
Second Best
Retail
$1.66M
$1.46M – $1.94M
NOI $116,419 @ 7.0% cap · market cap 9.31%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,486 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
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Business Placement
Demographics for 60304, IL
17,842
Population
6,842
Households
2.6
Avg Household Size
38
Median Age
73%
College-Educated
97%
High-School Grad
1.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$132,841
Median Household Income
$76,027
Median Earnings
$1,279
Median Rent
$470,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Cook County, IL
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments occupy the second floor above three ground-level retail units, each with separately metered utilities.
Where is this mixed-use property located?
The property is located at 6600-04 W Roosevelt Rd W Oak Park, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,277‑square‑foot mixed‑use property built in 1909; Three ground‑floor retail units and three second‑floor apartments; All six units renovated since 2016; heat, air conditioning, and utilities separated by unit
