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    FOR SALE
    Residential income homes

    3265 W Armitage Ave, Chicago, IL 60647

    3,350 SF 0.09 ac lot Built 1896
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-5616093
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 3265 W Armitage Avenue in Chicago's vibrant Logan Square neighborhood (zip code 60647), presents a compelling investment opportunity. The property consists of three lots totaling 11,250 square feet (75' x 150'), with a 3,350 square foot, two-story building currently vacant. The building is classified as Class C and zoned B3-1, offering significant flexibility for redevelopment or continued use as a medical office. The property boasts outstanding frontage and visibility on Armitage Avenue, with high daily traffic volume (13,300 vehicles per day) and a single curb cut for convenient access. The existing structure offers 3,350 square feet of net rentable space, suitable for various professional uses, including law firms, insurance agencies, financial services, medical or dental practices, educational institutions, or real estate businesses. Alternatively, the substantial lot size and favorable zoning make it an ideal site for new construction. The property's Cook County Assessor Parcel Numbers (APNs) are 13354040070000, 13354040080000, and 13354040090000, with a combined annual property tax of $17,134.79. The asking price is $975,000. Nearby businesses include A & R Shoes, All Star Pet Care, Haru Sushi Restaurant, Festive Collective, La Estrella, Big Bud Press, Ground Control Restaurant, and Scissorhand Salon. This property offers a unique blend of existing infrastructure and significant development potential in a thriving Chicago neighborhood.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1896
    Construction FRAME
    Total area 3,350 SF
    Lot 0.09 ac (3,750 SF)
    APN 13-35-404-007
    UPID US28-5616093
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Forward PC Physician Medical Clinic
    • Road to Success Social Service Agency Charitable Organization
    • Carlos A. Plazas Sr, PHD Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $370k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $714k
    Blend (final) Blend
    $600k
    Owner & transaction history
    Carlos A Plazas
    Carlos A Plazas
    4 recorded transactions
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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