4231-33 Kedzie AveChicago, IL 60618

For Sale
$449,000

Chicago Storefront Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-unit retail storefront property, located at 4231-4235 N. Kedzie Avenue in Chicago, Illinois, presents a compelling investment or owner-user opportunity. Built in 2007 and renovated in 2017, the property boasts a total of 3,174 square feet across three units, situated on a 0.27-acre lot. Each unit is individually metered, offering flexibility for various retail uses. The property benefits from a prime location on high-traffic Kedzie Avenue in the desirable Old Irving Park neighborhood, less than a mile from the I-90/94 Expressway, and within easy reach of public transportation, including the CTA train and Metra. The asking price is $449,000, translating to $109.96 per square foot. Two parking spaces are included. Current leases are short-term, providing immediate occupancy potential for a user or the opportunity for an investor to increase rental income. This property offers a strong potential return on investment, with a projected 18% pro forma. The property's modern construction and recent renovation ensure a well-maintained and attractive space for tenants. This is a rare opportunity to acquire a well-located, multi-unit retail property in a thriving Chicago neighborhood.

Highlights

  • Three retail condos in the desirable Old Irving Park neighborhood.
  • Less than one mile from I-90/94 Expressway, close to CTA and Metra.
  • Built in 2007, remodeled in 2017; 3,174 square feet on a 0.27-acre lot.
  • Two parking spaces included.
  • 18% projected pro forma return.

Property Details for 4231-33 Kedzie Ave

Property type
Other retail properties, Individual retail properties
Square Feet
3,174 SF
Year Built/Renovated
2007/2017
Lot Size (sq. ft)
11,761 SF
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9585338
Longitude
-87.7079851
4231-33 Kedzie Ave, Chicago, Illinois

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4231-33 Kedzie Ave
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