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    401 69Th St Chicago, IL 60637

    Sponsored
    For Sale
    $425,000

    High-Cap Rate Multi-Unit Building

    Property size:
    8,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime Chicago retail property, located at 403 E. 69th Street, offers a compelling investment opportunity. The 8,200 square foot brick building boasts six units, with four currently occupied by tenants and two vacant, presenting immediate income and potential for growth. Situated on a prominent corner lot with significant street frontage (72 feet on King Drive and 124 feet on 69th Street), the property benefits from high visibility and substantial traffic volume, with over 25,000 vehicles passing the nearby intersection daily. Its location in the Park Manor area of Greater Grand Crossing, just nine miles south of Chicago's Loop, provides easy access to major roadways like the Edens Expressway and the Skyway. The property is further enhanced by its location within the 67th/Wentworth Tax Increment Financing (TIF) District, designed to stimulate investment in residential, commercial, and mixed-use developments. The asking price is $425,000, representing a compelling $51.83 per square foot and an attractive 8.84% capitalization rate. This multi-unit building presents a strong potential for both immediate rental income and long-term appreciation, making it an ideal investment for savvy buyers seeking a high-return opportunity in a developing Chicago neighborhood. The property is zoned for convenience store, grocery store, and storefront uses.

    Property Features for 401 69Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,200 SF

    HighLights

    • Prime corner, multi‑tenant brick building totaling 8,200 square feet.
    • Six units, 72' of frontage on King Drive and 124' on 69th Street.
    • Located in Park Manor, Greater Grand Crossing, 9 miles south of the Loop, with convenient access to the Edens Expressway and Skyway.
    • High traffic area with over 25,000 vehicles per day at the nearby intersection.
    • Four units currently occupied, two vacant.
    • Situated within the 67th/Wentworth Tax Increment Financing (TIF) District, promoting new development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Temple of the Living Word ... Church M L King ... Convenience Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6152248
    Latitude
    41.7692484

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    FAQs

    What type of property is this?
    Individual retail property - High-Cap Rate Multi-Unit Building
    Where is this individual retail property located?
    The property is located at 401 69Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Prime corner, multi-tenant brick building totaling 8,200 square feet.; Six units, 72' of frontage on King Drive and 124' on 69th Street.; Located in Park Manor, Greater Grand Crossing, 9 miles south of the Loop, with convenient access to the Edens Expressway and Skyway.
    Request Owner's contact information
    401 69Th St Chicago, IL 60637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 69Th St Chicago, IL 60637
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