4231-33 Kedzie Ave, Chicago, IL 60618
- Retail properties & Spaces
- 3,174 SF
- 0.27 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 4231-33 Kedzie Ave
- Year built
- 2007
- Lot size
- 0.27 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional three-unit retail storefront property, located at 4231-4235 N. Kedzie Avenue in Chicago, Illinois, presents a compelling investment or owner-user opportunity. Built in 2007 and renovated in 2017, the property boasts a total of 3,174 square feet across three units, situated on a 0.27-acre lot. Each unit is individually metered, offering flexibility for various retail uses. The property benefits from a prime location on high-traffic Kedzie Avenue in the desirable Old Irving Park neighborhood, less than a mile from the I-90/94 Expressway, and within easy reach of public transportation, including the CTA train and Metra. The asking price is $449,000, translating to $109.96 per square foot. Two parking spaces are included. Current leases are short-term, providing immediate occupancy potential for a user or the opportunity for an investor to increase rental income. This property offers a strong potential return on investment, with a projected 18% pro forma. The property's modern construction and recent renovation ensure a well-maintained and attractive space for tenants. This is a rare opportunity to acquire a well-located, multi-unit retail property in a thriving Chicago neighborhood.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.708
- Latitude
- 41.9585
