2054 Roscoe StChicago, IL 60618

Property Details for 2054 Roscoe St

Year built

1918

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,592 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

14-19-314-038

APU

1419314038

Description

This exceptional mixed-use property at 2054 W Roscoe Street in Chicago's desirable Roscoe Village offers a unique investment opportunity. The main floor encompasses approximately 1,100 square feet of prime restaurant space, previously occupied by the well-regarded Cuba 312. This versatile area boasts an open layout showcasing exposed brick, built-in banquette seating, and a bar/counter area, perfect for a variety of culinary concepts. A fully equipped kitchen, including a range hood, dishwashing station, range, and fryer, is complemented by additional basement storage. The building's location on this vibrant stretch of Roscoe Street provides unparalleled visibility and benefits from high foot traffic, frequent street festivals, and the neighborhood's thriving shopping scene. Upstairs, a comfortable residential unit offers three bedrooms and one bathroom, along with the convenience of in-unit laundry. Adding to the property's appeal is a private backyard and rear parking. The building's 2,592 square feet are situated on a lot with no acreage specified. This property presents a rare chance to own a thriving commercial space combined with a residential unit in a highly sought-after Chicago neighborhood. The asking price is $850,000. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $967,491

  6.5%

  $893,069

  7%

  $829,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $523,292

  Geo Method

  $523,292

• Alternative Use

  Use

  Valuation

  Residential

  $893,069

  Hospitality

  $818,046

  Educational

  $680,605

  Medical

  $704,012

  Retail

  $1,058,719

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9435

Longitude

-87.6806

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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