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10338 Western Ave Chicago, IL 60643-2411

OFF-MARKET Retail space Google Maps
10,300 SF 0.07 ac lot Built 1956
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US28-1988953

Property summary

AI-generated overview

This exceptional commercial property, located at 10338 S Western Avenue in Chicago, IL, 60643, presents a compelling investment opportunity. Priced at $820,000, this property encompasses a substantial 12,518 square foot lot and features a two-story commercial building. While the building's total square footage is listed as 13,200 square feet and contains 9 units, it's important to note that the listing specifies 0 units. This discrepancy should be clarified during due diligence. The building is currently 100% occupied, offering immediate cash flow potential. The property's layout is well-designed, with first-floor units enjoying street-level access and second-floor units accessed via an enclosed entry. Ample parking is available, with a paved lot accommodating 12 or more vehicles, plus a single-car garage at the rear. A convenient side drive provides access to the parking area. Building maintenance is facilitated by a boiler room located at the rear. The property's prime location offers excellent visibility and proximity to numerous amenities, including Bueno Beef, Pizza Hut, Franconello's, and the Evergreen Plaza Mall, all within a mile radius. This property is situated on four lots and has four pins. This is a rare opportunity to acquire a well-located, income-producing commercial property in a thriving Chicago neighborhood. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1956
Total area 10,300 SF
Lot 0.07 ac (3,125 SF)
APN 24-13-208-031
UPID US28-1988953

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Painting Lessons Art Studio

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
$738k
Blend (final) Blend
$330k

Owner & transaction history

since 2022
Last sale
$600,000
3 recorded transactions
2022
Price N/A
2010
Price N/A
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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