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    Property profile & analytics
    OFF-MARKET Estimated value $515,000
    Residential income homes

    4742 Ashland Ave, Chicago, IL 60640-3407

    2,626 SF 0.1 ac lot Built 1895
    Individually Owned Free & Clear
    Property ID
    US28-1387250
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot retail space is ideally situated at 4742 S. Ashland Avenue in Chicago, Illinois, zip code 60609. The property is a single-tenant retail building offering a fantastic opportunity for businesses seeking a prominent location within the vibrant Back of the Yards community. Its convenient address provides excellent visibility and accessibility for customers. The space is categorized as retail and is ready for immediate occupancy. The property's location offers significant advantages, placing it within a well-established retail corridor, ensuring high foot traffic and strong potential for customer engagement. This makes it an attractive option for a variety of retail businesses seeking to establish or expand their presence in a thriving neighborhood. The property's size is well-suited for a range of retail concepts, providing ample space for displays, inventory, and customer interaction. Serious inquiries are encouraged to explore the possibilities of this exceptional retail opportunity. The property is located at 41.8073057 latitude and -87.665298 longitude. This single-tenant space presents a unique chance to secure a prime retail location in a dynamic Chicago neighborhood.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1895
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,626 SF
    Lot 0.1 ac (4,495 SF)
    APN 14-18-205-019
    UPID US28-1387250
    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
    • ParkChicago #278602 Parking Lot & Garage
    • J&A Foot Wear Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $320k
    CAP Approach CAP
    $675k
    Comparable Approach Comparable
    $344k
    Blend (final) Blend
    $515k
    Owner & transaction history
    SAMUEL A JOHNSON
    SAMUEL A JOHNSON
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $745,000 +6.3%
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