Property profile & analytics
1913 Chicago Ave Chicago, IL 60622-5541
- Retail space
- 1,700 SF
- 0.07 lot acres
OFF-MARKET
Last Sale
Apr 10, 2025
Apr 10, 2025
$735,000
Value Estimations
$795,000
Show details
Cap Rate Potential
2.8%
Retail space
Location Intelligence
Property ID
US28-5357887
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
- Dr. Mohamed Ibrahim / Physician
- Rehab Team Physical Therapy / Physician
- School of Rock / Vocational School / Training Center
Property Details for 1913 Chicago Ave
- Year built
- 1987
- Lot size
- 0.07 lot acres
- Property size
- 1,700 SF
- Property type
- Retail space
- APN
- 17-07-200-018
- APU
- 1707200018
Description
This exceptional single-story, single-tenant retail storefront in Chicago's desirable West Town neighborhood presents a compelling investment opportunity. The 2,644 square foot building, constructed in 1988, is fully occupied by a School of Rock, operating under a triple-net (NNN) lease extending to October 2030, ensuring consistent cash flow. Situated on a 2,644 square foot lot, the property boasts a prime location within the Chicago Avenue Transit-Oriented Development (TOD) boundaries, benefiting from excellent accessibility and high foot traffic. The B3-2 zoning allows for a variety of uses, adding future flexibility. The property's strong tenant, coupled with its location in a thriving, stable community known for its tree-lined streets and desirable housing stock, makes this a low-risk, high-reward investment. The asking price is $799,000. This core investment asset offers a rare chance to acquire a stabilized, fully occupied property in one of Chicago's most sought-after neighborhoods. The property's single-tenant occupancy simplifies management, while the long-term lease provides predictable income. The Cook County property features one building and is identified by APN 17072000180000. This is an ideal addition to any portfolio seeking stable, long-term returns in a prime Chicago location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $830,000
- ML approach
- $840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $825,000
Market price range: $232k - $826k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $555,000 Current use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6752
- Latitude
- 41.8957
- 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
$25,673
$14,760
$105,115
$119,875
-
$59,040
$420,460
$479,500
