1455 103Rd St Chicago, IL 60643
- Retail properties
- 10,000 SF
Current Use by Public Records
- Headquarters Barber Shop / Barber Shop
- A Wink in Ameerah Salon / Hair Salon
Property Details for 1455 103Rd St
- Year built
- 1904
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
Exceptional mixed-use investment opportunity in Chicago's East Beverly neighborhood. This 10,000 square foot property, situated on a substantial 29,246 square foot lot, features a 12-unit building (six retail storefronts and six residential apartments) built in 1904. The property boasts 100% occupancy, generating a current NOI of $116,107 and a 7.87% cap rate. A pro-forma analysis projects a NOI of $141,547 and a 9.60% cap rate, reflecting significant upside potential through rent increases and value-add improvements. The property includes 13 parking spaces and a large rear area currently used as a tenant gathering space. Recent improvements include central HVAC upgrades (early 2000s) and roof resealing (within the last 5 years). The B1-3 zoning permits various expansion options, including additional units, storage, or covered parking, leveraging the substantial underutilized lot space. The asking price is $1,475,000 ($147.50/sq ft and $122,916.67 per unit). This property presents a compelling opportunity for investors seeking strong cash flow and significant value-add potential in a vibrant Chicago neighborhood. The APN is 25-17-101-007-0000: 25-17-101-006-0000:25-17-101-025-0000:25-17-101-014-0000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6592
- Latitude
- 41.7067