2815 Kimball Ave Chicago, IL 60618-7520
- Retail space
- 2,600 SF
- 0.07 lot acres
Feb 08, 2021
Current Use by Public Records
- Retail space
Property Details for 2815 Kimball Ave
- Year built
- 1937
- Lot size
- 0.07 lot acres
- Property size
- 2,600 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 13-26-226-006
- APU
- 1326226006
Description
This two-story, 4,000 square foot mixed-use building in Chicago's desirable Logan Square neighborhood (2815 N Kimball Ave, 60618) presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2022, the property boasts two units currently operating at 80% occupancy. The building features a versatile layout, ideal for a variety of uses, including executive, medical, or traditional office spaces, thanks to its RT-4 zoning. Recent improvements include tuck-pointing, roof repairs, and interior upgrades. Amenities include separate entrances, individual bathrooms, and waiting rooms on each floor. The property includes a video surveillance system and entry buzzer for enhanced security. Situated on a lot ranging from 3,000 to 3,125 square feet, this building offers significant redevelopment potential. Its convenient location near the Blue Line, major highways, and local businesses adds to its appeal. The asking price is $439,900, translating to $109.98 per square foot. The property is being sold "AS IS". This is a turn-key opportunity for an investor seeking a high-return property in a thriving Chicago neighborhood.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $330,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $327,000
Market price range: $85.9k - $343k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $405,000 Current use
- OFFICE BUILDING
- $350,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7121
- Latitude
- 41.9326
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA