Property profile

3901-3907 Roosevelt Rd Chicago, IL 60624

OFF-MARKET
Land
0.21 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.21-acre commercial land parcel presents a unique investment opportunity in Chicago's vibrant Homan Square community. Located at the highly visible corner of West Roosevelt Road and Springfield Avenue, this property boasts impressive dimensions of approximately 90 feet by 105 feet, offering 90 feet of frontage along Roosevelt Road. The B3-2 zoning allows for a variety of commercial uses, capitalizing on the area's dense population and exceptionally high foot and vehicular traffic counts. The site benefits from its proximity to a major retail shopping center hub situated at Roosevelt and Pulaski, ensuring consistent exposure to a large customer base. Numerous national and regional retailers already operate in the immediate vicinity, creating a strong and established commercial environment. The asking price is $250,000, translating to a land value of $27.33 per square foot. This corner lot presents a compelling opportunity for developers and investors seeking a strategic location within a thriving commercial district. The high traffic volume, dense population, and established retail presence make this property an ideal location for a variety of commercial ventures. Don't miss this chance to acquire a prime piece of Chicago real estate.

Property profile

Verified
Property type Land
Lot 0.21 ac (9,148 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3901-3907 Roosevelt Rd Chicago, IL 60624
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3901-3907 Roosevelt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message