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Susan Dickman

Broker

  • Office 773-627-8176
  • Cell 773-627-8176
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5217 Chicago Avenue, Chicago, IL – $1,250,000

  • $1.3M Price
  • 7,205 Sqft
  • $1.3M Price
  • 7,205 Sqft

5217 Chicago Avenue

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**

Essential Information

  • MLS® #09950143
  • Price$1,250,000
  • Square Footage7,205
  • Acres0.00
  • Year Built2008
  • TypeCommercial
  • Sub-TypeRetail/Stores
  • StatusActive

Community Information

  • Address5217 Chicago Avenue
  • AreaCHI - Austin
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60651

Amenities

  • UtilitiesElectric to Site, Gas to Site
  • Parking Spaces16

Interior

  • HeatingForced Air, Gas
  • CoolingCentral Air
  • Stories1

Exterior

  • ExteriorBrick
  • RoofFlat
  • ConstructionBrick
  • FoundationConcrete

Additional Information

  • ZoningCOMMR

Listing Details

  • OfficeFirst Western Properties
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Price Change History for 5217 Chicago Avenue, Chicago, IL (MLS® #09950143)

Date Details Change
Status Changed from Re-activated to Active
Status Changed from Active to Re-activated
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $1,290,000 to $1,250,000 $40,000 (3.10%)
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Berkshire Hathaway HomeServices KoenigRubloff Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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 deemed reliable but not guaranteed.

Listing information last updated on October 15th, 2019 at 4:05am CDT.