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633 Cicero Ave Chicago, IL 60644-1723

OFF-MARKET Retail residential properties Google Maps
2,568 SF 0.18 ac lot Built 1914
Individually Owned 19-yr Hold ~ Est. High Equity
Estimated value (blended)
$320k
Range $288k – $352k (±10%)
Property ID US28-5863130

Property summary

AI-generated overview

This exceptional mixed-use property at 633 N Cicero Avenue in Chicago, Illinois, presents a compelling investment opportunity. The 12,500-square-foot building, constructed in 1910 and renovated in 2002, boasts a prime location and a versatile layout. Currently configured as a multi-tenant property, it features seven suites, including two residential apartments and two retail spaces currently available. The building sits on a 0.3-acre lot and is classified as Class C. With a total of two parking spaces, the property offers convenience for tenants and customers. The zoning is designated as mixed-use, allowing for a variety of potential uses and maximizing investment potential. There is currently 2,650 square feet of vacant space available, providing immediate income generation opportunities for a new owner. The two-story building offers flexibility for various business types and residential needs. The property's address is 633 N Cicero Ave, Chicago, IL 60644. This is a rare chance to acquire a well-located, established property in a thriving Chicago neighborhood. The minimum divisible space is 0 square feet, allowing for flexibility in leasing arrangements. This property is an ideal investment for those seeking a blend of residential and commercial income streams.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1914
Total area 2,568 SF
Lot 0.18 ac (8,036 SF)
APN 16-10-104-008
UPID US28-5863130

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
  • Restaurant
  • Restaurant
  • Big Box & Wholesale Store
  • Grocery & Convenience Store
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2007
6 recorded transactions
2007
$800,000
2000
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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