3748 Division St Chicago, IL 60651
- Retail properties
Current Use by Public Records
- Mimi's / Chicken Restaurant
Property Details for 3748 Division St
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity presents a fully occupied, seven-unit apartment building situated at 3748 W Division St, Chicago, IL 60651. The property, a three-story structure (APN 16-02-130-032-0000), boasts a prime corner location in the revitalizing West Humboldt Park neighborhood. Completely renovated in 2015, this building offers a strong current NOI of $88,081, translating to an attractive 8.39% capitalization rate. Pro forma projections indicate a potential NOI of $105,637 and a 10.06% cap rate, showcasing significant upside potential. The property is zoned B3-1, allowing for a variety of uses. The building's 100% occupancy rate underscores its desirability and strong tenant base. Recent developments in the area, including a new Amazon distribution center and a public safety training center, further enhance the property's long-term value and growth prospects. This is a rare chance to acquire a well-maintained, high-performing asset in a rapidly improving Chicago neighborhood. The asking price is $1,050,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7209
- Latitude
- 41.9029
