5217 Chicago Avenue

    Chicago, IL 60651
    • $1,250,000
    • STATUS: Active
    • ON SITE: 518 days
    • MLS #: 09950143
    UPDATED: 28 min ago
    $1,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,205
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity Zone Investment! Newer 7,205 sf retail center on a 15,200sf lot. The center was built in 2008. It is 88% leased with only one 907 sf space vacant. Existing tenants include Subway, Metro PCS, Golden Hook Fish & Chicken and Austin Wine & Spirits. Current NOI is +/-$126,296, and cap rate based on existing NOI is 10.4%. When vacancy is leased at current market rents NOI will jump to $150K and cap rate would be increased to 12%. The property is professionally managed and there is pylon signage. **THIS PROPERTY IS AVAILABLE AS A PORTFOLIO WITH 5235 W. CHICAGO**

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2019-10-15T07:49:57.247 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.spaniakteam.com/homes/83574850

    5217 Chicago Avenue Chicago, IL 60651

    • Price: $1,250,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 09950143
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,205
    SQFT
    $173
    $/SQFT
    2008
    Built
    Neighborhood:
    Chi - Austin
    County:
    Cook
    Area:
    Chi - Austin
    Property Description
    Opportunity Zone Investment! Newer 7,205 sf retail center on a 15,200sf lot. The center was built in 2008. It is 88% leased with only one 907 sf space vacant. Existing tenants include Subway, Metro PCS, Golden Hook Fish & Chicken and Austin Wine & Spirits. Current NOI is +/-$126,296, and cap rate based on existing NOI is 10.4%. When vacancy is leased at current market rents NOI will jump to $150K and cap rate would be increased to 12%. The property is professionally managed and there is pylon signage. **THIS PROPERTY IS AVAILABLE AS A PORTFOLIO WITH 5235 W. CHICAGO**
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City Street Lot Dimensions 107 X 141 Lot Sq Ft 15100 Number Of Parking Spaces 16 Number Of TLDocks 0 Roof Coverings Membrane Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Ceiling Height Ft 10 Fire Protection None Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 13-18 Spaces

    Property Features

    Age 7-15 Years Current Use Commercial Electrical Service Circuit Breakers101-200 Amps Expense Year 2016 Exterior Building Type Brick Geographic Locale Chicago Northwest Gross Rentable Area 7205 Gross Rental Income Amount 166992 Heat Ventilation Forced AirGas Investment YN Yes Max Avail Sq Ft Rentable 907 Min Avail Sq Ft Rentable 907 Net Oper Income Amount 12629 Net Operating Income Year 2018 Net Rentable Area 7205 Property Offered For Sale Only Rental Price 24 Tax Year 2018 Taxes 40696 Tenant Pays Common Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceScavengerWater/Sewer Total Annual Exp 40696 Total Annual Expense Source Broker Projection Total Annual Income 166996 Total Monthly Income 13916 Township West Chicago Unincorporated YN No Utilities To Site Electric To SiteGas To Site Water Drainage Drain Tiles Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of First Western Properties.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2019-10-15T07:49:57.247 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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