Five-Unit Brick Storefront
For Sale
$990,000
7133-7143 W Higgins Avenue, Chicago, IL 60656
Brick retail building with rear parking and access to bus, EL train, highways, and O’Hare.
Property Size6,000 SF
Price / SF$165
Days on Market185
Property Features for 7133-7143 W Higgins Avenue
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
20
Property subtype
COMMERCIAL
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$29,219
Building Details
Building Size
6,000 SF
Year Built
1956
Construction
brick and mortar
Listing Agency:
Sebastian Co. Real Estate 847-823-3117 Overview Additional information MLS R ID 12576668 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.3 Acres Other property details Taxes $29,220 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Donald Sebastian with Sebastian Co. Real Estate 847-823-3117
Listed By:
Donald Sebastian · License #475128823
(800) 462-5077
Source:
Dawnmckennagroup
Added: Apr 15
Changed: Oct 6
Last Checked: Oct 15 at 7:59AM
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 Sebastian Co. Real Estate 847-823-3117 Overview Additional information MLS R ID 12576668 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.3 Acres Other property details Taxes $29,220 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Donald Sebastian with Sebastian Co. Real Estate 847-823-3117
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.
This brick storefront property contains five units within approximately 6,000 square feet. Constructed in 1956, the building includes street parking along the frontage and a separate rear lot with space for 20 vehicles.
The property is positioned on Chicago’s Northwest side with access to bus service, the EL train, I-90, I-294, and O’Hare International Airport. Downtown Chicago is approximately 12 miles away, providing a broad transportation network for the surrounding area.
The property is positioned on Chicago’s Northwest side with access to bus service, the EL train, I-90, I-294, and O’Hare International Airport. Downtown Chicago is approximately 12 miles away, providing a broad transportation network for the surrounding area.
Key Highlights
- Five‑unit brick storefront property totaling 6,000 square feet
- Built in 1956
- Rear parking lot accommodates 20 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,009
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,180
$1.7M
Cap Rate 7%
$1,185,843
$1.2M
Cap Rate 9%
$922,322
$922.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$129.6K $21.60/SF
− Vacancy
−$11.0K −$1.84/SF
EGI
$118.6K $19.76/SF
− OpEx
−$35.6K −$5.93/SF
NOI
$83.0K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,180
Cap Rate 7%
$1,185,843
Cap Rate 9%
$922,322
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,009 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,029 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
212k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 31%
Groceries 28%
Home Improvements & Furnishings 3%
Jewel-Osco
Groceries
53,010 visits/mo
0.4 miles
Starbucks
Dining
23,759 visits/mo
0.3 miles
Wendy's
Dining
21,640 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,611 visits/mo
0.1 miles
Shell
Shops & Services
16,273 visits/mo
0.1 miles
Demographics for 60656, IL
28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Evangelista Floral and Landscape Studio — 5000 N Rutherford Ave, Chicago, IL 60656
- Water Lily Flower Shop — 7150 W Higgins Ave, Chicago, IL 60656
Frequently Asked Questions
What type of property is this?
Storefront property - Brick retail building with rear parking and access to bus, EL train, highways, and O’Hare.
Where is this storefront property located?
The property is located at 7133-7143 W Higgins Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Five‑unit brick storefront property totaling 6,000 square feet; Built in 1956; Rear parking lot accommodates 20 cars
