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4660 Ravenswood Ave Chicago, IL 60640-4510

OFF-MARKET Industrial properties Google Maps
45,300 SF 0.67 ac lot Built 1927
Entity Owned Free & Clear
Estimated value (blended)
$750k
Range $675k – $825k (±10%)
Property ID US28-2114196

Property summary

AI-generated overview

This exceptional 44,900 square foot office building in Chicago's vibrant Ravenswood neighborhood presents a unique investment opportunity. Strategically located directly across from the Metra UP-N station, this three-story property offers unparalleled convenience with easy access to public transportation, including two Brown Line CTA stops. The building features a total of 3 to 6 on-site parking spaces and sits on a 29,284 square foot lot. The space is divisible, with minimum leasable units of 2,976 square feet and a maximum contiguous space of 26,050 square feet. Currently, the entire 44,900 square feet is vacant. The building comprises several structures, including a three-story building with a flat roof, a single-story building with a bow truss roof, and another single-story building with a flat roof. The three-story building boasts abundant natural light, two stairwells, and a freight elevator. The third floor is a single, large room with bathrooms and a rooftop deck. Building access is available via the main entrance on Ravenswood Avenue and side entrances on Leland Avenue. A portion of the building is currently leased to a tenant with a lease expiring March 31, 2027, without a renewal option. This tenant occupies office/warehouse space and has been in good standing since 2013. The property is zoned C3-2 and was built in 1927. Detailed financial information, including rent rolls and expenses, is available upon request. The property's prime location offers proximity to numerous amenities, including Mariano's, LA Fitness, and Starbucks. This presents a rare chance to acquire a substantial office building in a thriving Chicago neighborhood.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1927
Total area 45,300 SF
Lot 0.67 ac (29,376 SF)
APN 14-18-208-008
UPID US28-2114196

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
  • Business To Business Service
  • Department Store
  • Consultant Industrial Design Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.20M
Blend (final) Blend
$750k

Owner & transaction history

since 2026
7 recorded transactions
2026
$4.9M
2021
Price N/A
2010
Price N/A
1999
$1.4M
1998
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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