4704 Kenmore Ave Chicago, IL 60640
- Office space
- 1,200 SF
Current Use by Public Records
- Ensemble Media / Media Company / Design Agency
- Comrade Logistics / Trucking Company
- Pine Grove Construction / Construction Company
Property Details for 4704 Kenmore Ave
- Year built
- 1999
- Property size
- 1,200 SF
- Property type
- Office space
- APN
- 14172020281001
Description
This 1,200 square foot office condo in Chicago's vibrant Uptown neighborhood is a fantastic value-add investment opportunity. Located at 4704 N Kenmore Ave, this Class B property, built in 1999 and renovated in 2023, offers a unique blend of creative, executive, and traditional office space. Currently vacant, the unit features high ceilings, custom lighting, a large conference room, and ample storage. The lower level provides significant additional space for customization. The property is a single unit within a well-maintained building with secure entry and benefits from a well-managed condo association with low monthly dues and substantial reserves. The asking price is $199,900, representing a price per square foot of $166.58 and a pro-forma cap rate of 11.17%, with a pro-forma NOI of $22,335. The property is zoned C1 and conveniently located near the Wilson Red and Purple Line, offering easy access to public transportation. Its proximity to the lakefront, diverse dining options, and Uptown's thriving entertainment district adds significant appeal. This versatile space is ideal for a variety of businesses, from service-based companies to health and wellness practices, marketing firms, and entrepreneurial ventures. The property's combination of location, features, and financial projections makes it an attractive investment. The Cook County APN is 14172020281001. This is a NNN lease type property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6566456
- Latitude
- 41.9675504
