Property profile & analytics
10401 Ewing Ave Chicago, IL 60617-6218
- Retail residential properties
- 0.14 lot acres
OFF-MARKET
Last Sale
Apr 04, 2025
Apr 04, 2025
$650,000
Value Estimations
$720,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1689491
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- El Mundo Madico De OT / Clothing Store
Property Details for 10401 Ewing Ave
- Year built
- 1900
- Lot size
- 0.14 lot acres
- Property type
- Retail residential properties
- APN
- 26-08-322-048
- APU
- 2608322048
Description
This exceptional mixed-use property, located at 10401 S Ewing Avenue in Chicago's East Side neighborhood, presents a compelling value-add opportunity. The two-story, 12,000 square foot building sits on a 0.14-acre lot and boasts 10,000 square feet of net rentable space, housing nine units: two street-level retail spaces (currently leased on month-to-month agreements at below-market rates to Martha's Salon and El Mundo Madico De OT) and seven residential units (five 2-bedroom/1-bathroom, and two 1-bedroom/1-bathroom). Additionally, there's one non-conforming 1-bedroom/1-bathroom unit in the basement (not included in the unit count). Built in 1900, this fee-simple property offers a strong 7.14% cap rate with a current NOI of $53,525, and an asking price of $750,000 ($83,333 per unit). The property benefits from its prime location on a major commercial corridor, close proximity to public transportation (including bus lines, the South Chicago Metra Station, and the Hammond-Whiting Station), major highways (US Routes 12, 20 & 41, and Interstate 90), and numerous amenities including Lake Michigan, Calumet Beach, the Horseshoe Hammond Casino, and various retail options (Walmart, Pete's Fresh Market, TJ Maxx, etc.). The building is situated within a Chicago Housing Authority Mobility Zone, providing access to relocation assistance programs. Strong demographics, with over 70,900 people living within a 3-mile radius and an average household income of $71,365, further enhance the investment potential. The below-market rents for both residential and commercial units offer significant upside potential through lease renegotiations or attracting new tenants.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $800,000
- ML approach
- $775,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5349
- Latitude
- 41.7062
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,512
$5,390
$50,413
$55,803
-
$53,900
$504,130
$558,030
