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    Property profile

    2712 W North Ave Chicago, IL 60647

    FOR SALE
    Mixed-use properties
    Property ID
    US28-Q022597
    8,600 SF Built 1915
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    2712 W North Ave, Chicago, IL 60647 For Sale 1 / 23
    $1,600,000 8,600 SF
    2712 W North Ave, Chicago, IL 60647
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    Property summary

    AI-generated overview

    Well-located mixed-use building offering significant value-add potential. The recently gut-renovated commercial space features a column-free layout that can accommodate a wide variety of potential retail, office, or service uses. Existing B3-2 zoning allows for the potential conversion of two (2) additional ground-floor dwelling units with the procurement of a special use permit (no zoning change required). Current apartment rents are below market, presenting an opportunity for future income growth. Situated along North Avenue in East Humboldt Park, the property is positioned within a rapidly evolving corridor and offers convenient access to public transportation. With an in-place NOI of $111,493, without yet achieving full occupancy, the Property offers immense value-add potential thru leasing the remaining vacancy.

    Property profile

    Verified
    Property type Mixed-use properties
    Year built 1915
    Total area 8,600 SF
    UPID US28-Q022597

    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
    • Art Gallery
    • Art Gallery
    2 occupants on record

    Location

    2712 W North Ave Chicago, IL 60647
    Chicago metro
    Google Maps

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • New
      $1,650,000
      0.09 Acres
      Five-Unit Mixed-Use Building
      Updated property combines residential units with a ground-floor commercial space.
      3421 W Armitage Avenue, Chicago, IL 60647
      View Details
    • New
      $6,500,000
      23,632 SF
      Mixed-Use Redevelopment Site
      Redevelopment site with six existing buildings, 144 feet of frontage, and outdoor parking for 5 cars or 2 trucks.
      2135 W Armitage Avenue, Chicago, IL 60647
      View Details
    • Contact for pricing
      3,000 SF
      Two-Story Mixed-Use Building
      Two-story mixed-use building with ground-floor retail, a three-bedroom apartment, and basement storage.
      2431 N Western Ave, Chicago, IL 60647
      View Details
    • $1,825,000
      Corner Mixed-Use Building
      Mixed-use property with four residential units and two commercial units in a prominent corner location.
      2100 N Hoyne Ave, Chicago, IL 60647
      View Details
    • New
      $6,500,000
      0.33 Acres
      Multi-Building Mixed-Use Redevelopment Site
      Existing commercial and mixed-use buildings support a range of commercial, residential, and redevelopment possibilities.
      2135 W Armitage Avenue, Chicago, IL 60647
      View Details
    • Contact for pricing
      21,623 SF
      Mixed-Use Corner Retail and Apartments
      Two-building mixed-use property with two retail spaces and fourteen residential units on a southeast corner.
      2543 N. California Avenue, Chicago, IL 60647
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF
      Two-Story Mixed-Use Building
      Two-story mixed-use building with ground-floor retail, a three-bedroom apartment, and basement storage.
      2431 N Western Ave, Chicago, IL 60647
      View Details
    • New
      $1,650,000
      0.09 Acres
      Five-Unit Mixed-Use Building
      Updated property combines residential units with a ground-floor commercial space.
      3421 W Armitage Avenue, Chicago, IL 60647
      View Details
    • New
      $6,500,000
      23,632 SF
      Mixed-Use Redevelopment Site
      Redevelopment site with six existing buildings, 144 feet of frontage, and outdoor parking for 5 cars or 2 trucks.
      2135 W Armitage Avenue, Chicago, IL 60647
      View Details
    • New
      $6,500,000
      0.33 Acres
      Commercial Land with Existing Buildings
      Redevelopment parcel with multiple commercial structures, parking areas, and water available.
      2135 W Armitage Avenue, Chicago, IL 60647
      View Details
    • New
      $1,049,000
      0.06 Acres
      Mixed-Use Building with Two-Car Garage
      Two-unit property combining a street-level salon with an upper-floor residential apartment in Bucktown.
      2016 W Concord Place, Chicago, IL 60647
      View Details
    • $1,825,000
      Corner Mixed-Use Building
      Mixed-use property with four residential units and two commercial units in a prominent corner location.
      2100 N Hoyne Ave, Chicago, IL 60647
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 sqft
      Logan Square Mixed-Use Project
      Mixed-use project with retail and luxury apartment units.
      N Milwaukee Ave & W Fullerton Ave, Chicago, IL 60647
      View Details
    • Contact for pricing
      60,000 sqft
      Logan Square Mixed-Use Project
      Mixed-use project with retail and luxury apartment units.
      N Milwaukee Ave & W Fullerton Ave, Chicago, IL 60647
      View Details
    • New
      $11 SF/Yr
      Open-Concept Retail Storefront
      Large windows bring natural light to this newly built commercial space.
      2157 N Western Avenue Unit: 1, Chicago, IL 60647
      View Details
    • Contact for pricing
      Turnkey Restaurant with Private Patio
      Turnkey second-generation restaurant space featuring a private patio for customer or guest use.
      2601 West Diversey Avenue, Chicago, IL 60647
      View Details
    • Contact for pricing
      Retail Space for Lease
      Retail space available for lease in Chicago, Illinois.
      2700 North Elston Avenue, Chicago, IL 60647
      View Details
    • Contact for pricing
      6,250 sqft
      Single-Tenant Retail Building
      Large single-tenant retail building with majority first-floor 15-foot ceilings and newly improved sidewalk for outdoor dining.
      2659 N Milwaukee Ave, Chicago, IL 60647
      View Details
    Recent comparable sales
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