1809 Webster Ave Chicago, IL 60614

Exceptional investment opportunity: a multi-tenant daycare property at 1809 W Webster Ave, Chicago, IL 60614. This 12,000 square foot property, situated on a 23,182 square foot lot, boasts two buildings and currently enjoys 100% occupancy with four tenants, including Frame Factor and Simes Studio. One building houses four commercial spaces, while the second, a two-story frame structure, accommodates a dog daycare. The property offers ample on-site parking. Priced at $3,950,000, it presents a compelling 8.43% cap rate and a strong NOI of $332,871. The C1-3 zoning allows for diverse uses, including residential, retail, or office spaces, making it ideal for owner-occupancy or continued operation as a thriving daycare center. This is a rare opportunity, as the property hasn't been sold in over 30 years. The sale does not include the billboard. The property is a Net Lease (NNN) investment with a multi-tenant structure. The asking price per square foot is $329.17.