Property profile

3689 Grand Ave Chicago, IL 60651

OFF-MARKET
Auto shops
Property ID
US28-5457407
42,500 SF 0.19 ac lot Built 1956
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property in Chicago, Illinois consists of an 8,000-square-foot brick commercial building on a 50 by 160 lot. The facility is configured for auto body repair and includes two private offices, an auto frame straightening device, two fully approved and licensed paint booths, and three automotive mechanics lifts with supporting compressors. The building has 13-foot front and rear overhead doors and a full security and alarm system. The site has operated as an established auto body repair business for more than 30 years and includes existing shop infrastructure suitable for ongoing automotive collision and refinishing services.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1956
Total area 42,500 SF
Lot 0.19 ac (8,350 SF)
APN 16-02-130-014
UPID US28-5457407

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
  • Auto Repair Shop

Location

3689 Grand Ave Chicago, IL 60651-2205
Chicago metro Census 230700 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
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.43M

Owner & transaction history

since 2021
7 recorded transactions
2024
Price N/A
2021
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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