3112 Indiana Ave, Chicago, IL 60616
This exceptional 24,182 square foot office building, located at 3112 S Indiana Ave in Chicago, IL, presents a significant investment opportunity. Currently zoned B1-3 Neighborhood Shopping District, this property offers a versatile development potential. The building features 64 units and is priced at $1,700,000, translating to $70.30 per square foot. Its prime location in Cook County, zip code 60616, provides easy access to various amenities and transportation. The permitted zoning allows for a range of uses, including residential, mixed-use, retail, and office spaces, making it an ideal canvas for redevelopment or adaptive reuse. The property's substantial size and flexible zoning regulations make it an attractive prospect for investors seeking to capitalize on Chicago's dynamic real estate market. The APN is 17-34-102-045. This is a rare chance to acquire a large-scale property in a thriving neighborhood with significant upside potential. Serious inquiries only.
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.