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    OFF-MARKET
    Retail properties & Spaces

    1861 95Th St, Chicago, IL 60643

    4,500 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Chicago's vibrant Beverly neighborhood presents a compelling value-add investment opportunity. Located at 1861 W 95th St, this two-story building boasts 4,500 square feet on a 4,050 square foot lot, zoned B1-1. The property features a stunning, recently redesigned 3,200 square foot retail space on the ground floor, ideal for a variety of businesses. Upstairs, two apartments provide additional rental income, currently boasting 100% occupancy. The building generates a strong net operating income (NOI) of $50,523, resulting in an attractive 11.61% capitalization rate. The asking price is $435,000, translating to $96.67 per square foot and $145,000 per unit. A private courtyard adds to the property's appeal. This prime location on the 95th Street business corridor offers significant potential for long-term growth and rental income. The property's strong financials, updated retail space, and long-term residential tenants make it an ideal investment for savvy buyers seeking a high-return opportunity in a thriving Chicago neighborhood. The property is a single building with three units.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 4,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • THAT PLACE ON 95TH Coworking & Hybrid Office
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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