401 69Th St Chicago, IL 60637

Property Details for 401 69Th St

Year built

1908

Lot size

0.21 lot acres

Property size

8,200 SF

Property type

Retail space

APN

20-22-414-001

APU

2022414001

Description

This prime Chicago retail property, located at 403 E. 69th Street, offers a compelling investment opportunity. The 8,200 square foot brick building boasts six units, with four currently occupied by tenants and two vacant, presenting immediate income and potential for growth. Situated on a prominent corner lot with significant street frontage (72 feet on King Drive and 124 feet on 69th Street), the property benefits from high visibility and substantial traffic volume, with over 25,000 vehicles passing the nearby intersection daily. Its location in the Park Manor area of Greater Grand Crossing, just nine miles south of Chicago's Loop, provides easy access to major roadways like the Edens Expressway and the Skyway. The property is further enhanced by its location within the 67th/Wentworth Tax Increment Financing (TIF) District, designed to stimulate investment in residential, commercial, and mixed-use developments. The asking price is $425,000, representing a compelling $51.83 per square foot and an attractive 8.84% capitalization rate. This multi-unit building presents a strong potential for both immediate rental income and long-term appreciation, making it an ideal investment for savvy buyers seeking a high-return opportunity in a developing Chicago neighborhood. The property is zoned for convenience store, grocery store, and storefront uses.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.615

Latitude

41.7692

CBSA code

16980

CBSA name

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

Property Tax & Assessments