5544 North Ave Chicago, IL 60639
- Retail properties
- 18,750 SF
Current Use by Public Records
- Retail properties
Property Details for 5544 North Ave
- Year built
- 1914
- Property size
- 18,750 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 5544 W. North Avenue in Chicago, Illinois, presents a compelling investment opportunity. The 18,750-square-foot building, constructed in 1914, sits on a 6,250-square-foot lot and boasts a strong 9.00% capitalization rate. Currently fully vacant, this 26-unit building offers significant upside potential. The unit mix includes sixteen one-bedroom, one-bathroom units and eight two-bedroom, one-bathroom units. Adding to its versatility, the property also features two ground-level commercial storefront spaces. Several units have undergone improvements, including new windows, rough electrical and plumbing work, framing, and drywall installation. Previous development plans are available for review, providing a solid foundation for future renovations or continued development. The asking price is $799,000, translating to $42.61 per square foot. This property is being sold as-is. This prime location in Chicago's Cook County offers investors a chance to capitalize on a strong market and a high-yield asset. The property's size and unit mix provide flexibility for a variety of investment strategies. Don't miss this chance to acquire a substantial multifamily and retail investment in a desirable Chicago neighborhood.
Value Estimation
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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
- -87.7648
- Latitude
- 41.9095
