For Sale
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Property summary
This exceptional investment opportunity presents a 7,600 square foot multi-tenant retail storefront in Chicago's vibrant West Chatham neighborhood. Built in 2005, this Class B property boasts six thriving storefronts within a nearly fully occupied brick building, offering a strong 10.71% cap rate at an asking price of $1,050,000. The property sits on a 0.45-acre lot and features ample on-site parking (29 spaces), prominent pylon signage for excellent visibility, and a modified gross lease structure where tenants cover utilities. Recent improvements include a partial roof replacement and a resurfaced parking lot. The building features a 12-foot clear ceiling height and is zoned C1-1. The property's robust all-brick construction and prime location ensure a high return on investment. This owner-user or investment opportunity is ideal for those seeking a strong cash flow and significant upside potential in a thriving Chicago market. The property's APN is 20-33-201-003-0000. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Daycare Center
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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