3915 26Th StChicago, IL 60623

Property Details for 3915 26Th St

Year built

1909

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

3,500 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

16-26-301-004

APU

1626301004

Description

This exceptional 1,800-square-foot Class A office space is ideally situated in Chicago's vibrant Little Village neighborhood, at 3915 W. 26th Street. Boasting a prime location on 26th Street with excellent window frontage, this property offers significant visibility and accessibility. The space features 12-foot ceilings and is zoned B3-2 (Community Shopping District), allowing for a wide range of permitted uses. Previously configured as a medical and law office, the existing layout includes a reception area, waiting/display area, a children's play area/display area, six office/storage rooms, a conference room, two closets/utility rooms, an employee washroom, a public ADA-compliant washroom, and an office kitchen/darkroom. Additionally, there is a 1,500-square-foot basement/storage area and up to three parking spaces. This versatile space is perfect for a variety of businesses seeking a prominent location in a thriving commercial district. The building's history as a medical and law office provides a solid foundation for a variety of professional uses. The high volume of foot traffic and sales in the area make this a highly desirable location for businesses looking to establish or expand their presence in Little Village. The property's flexible zoning allows for a wide range of potential uses, making it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,394,752

  6.5%

  $1,287,464

  7%

  $1,195,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,606

  Geo Method

  $706,606

• Alternative Use

  Use

  Valuation

  Residential

  $1,287,464

  Hospitality

  $1,179,310

  Educational

  $981,172

  Medical

  $1,014,916

  Retail

  $1,526,267

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.844

Longitude

-87.7228

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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