Property profile

319 Jefferson St 21 Chicago, IL 60661

OFF-MARKET
Residential income homes
Property ID
US28-0927225
6,822 SF 0.09 ac lot Built 1886
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,200 square foot retail space, located at 319 S Jefferson in Cook County, presents a unique investment opportunity. The property is a single-tenant building, currently vacant and ready for immediate occupancy. The main floor offers a spacious 2,200 square foot storefront, ideal for a variety of retail uses. A significant advantage is the inclusion of an additional 2,200 square feet of finished basement space. This lower level is equipped with a hand sink, dry storage area, and a prep sink, making it particularly well-suited for a restaurant or food-related business. The building underwent improvements in 2018, ensuring modern functionality and aesthetics. The property's classification as both retail and restaurant-suitable broadens its appeal to a wider range of potential tenants. Its single-tenant occupancy simplifies management and provides a clear revenue stream. The Cook County location offers excellent access to a diverse customer base and strong local infrastructure. This property represents a compelling opportunity for investors seeking a turnkey retail or restaurant space in a desirable location. The combination of ample square footage, convenient amenities, and recent renovations makes this a highly attractive proposition for discerning buyers. The vacant status allows for immediate customization to suit a tenant's specific needs.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1886
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,822 SF
Lot 0.09 ac (3,710 SF)
APN 17-16-119-007
UPID US28-0927225

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
  • Restaurant
  • Food Processing Plant

Location

319 Jefferson St, Unit 21 Chicago, IL 60661-5616
Chicago metro Census 281900 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.75M
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.53M

Owner & transaction history

since 2008
6 recorded transactions
2018
Price N/A
2008
Price N/A
2006
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.6M +39.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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