3600 26th St Chicago, IL 60623-3950

Property Details for 3600 26th St

Year built

1912

Lot size

0.12 lot acres

Property size

1,500 SF

Property type

Retail residential properties

APN

16-26-125-023

APU

1626125023

Description

This exceptional mixed-use property, located at 3600 W 26th St, Chicago, IL 60623, presents a compelling investment opportunity. The 10,541 square foot building boasts a prime location on a high-grossing retail corridor, second only to Michigan Avenue. The property features a three-story structure with street-level retail space occupied by two long-term tenants: Cash America (corporate lease extending to 2029) and Boost Mobile (franchisee, over 10 years). Above the retail space are six fully occupied apartments, offering significant value-add potential with a range of finishes and individual furnaces (tenant-paid heat). The building sits on a 5,344 square foot lot, zoned B3-2. The property's strong financial performance is highlighted by a 9.79% cap rate and a Net Operating Income (NOI) of $214,352, based on a $2,190,000 asking price. Recent improvements include new tuckpointing on the north and west sides and three newly installed PTAC heating/cooling systems in a top-floor unit. The property is offered free and clear of existing financing, providing immediate ownership and control. This is a rare chance to acquire a well-maintained, mixed-use asset with stable commercial tenants and substantial upside potential in the residential component. The property's multi-tenant occupancy is currently at 100%, with a remaining lease term of 5 years for at least one tenant. The Cook County APN is 16-26-125-023.