2540 Chicago Ave, Chicago, IL 60622
This exceptional 1,386 square-foot mixed-use property in Chicago's vibrant Ukrainian Village offers unparalleled potential. Located on Chicago Avenue, it boasts prime frontage and high visibility, ensuring robust traffic. Built in 2005, this Class B building features a single tenancy, 13-foot ceilings, and C1-C2 zoning. Permitted uses are diverse, including retail, restaurants (limited service in C1, larger in C2), personal services, medical/veterinary clinics, and even residential options like artist live/work spaces. The adaptable space is ideal for a variety of businesses or a unique live/work arrangement. Annual property taxes are $4.81 per square foot. This Cook County property presents a unique opportunity to capitalize on a high-traffic location and flexible zoning in a thriving neighborhood. The property's excellent exposure and versatile zoning make it a compelling investment for both established businesses and new ventures. Consider the possibilities of this adaptable space in a dynamic Chicago location.
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Dr. Mariya Dmytriv-Kapeniak Pediatrician Physician
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Peggy Wang Pediatrician Medical Clinic
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Gold Coast Bariatrics LLC Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.