5217 Chicago Avenue

    Chicago, IL 60651
    • $1,290,000
    • STATUS: Active
    • ON SITE: 308 days
    • MLS #: 09950143
    $1,290,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,205
      SQFT
    • $179
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:
    Area:

    School Ratings & Info

    Description

    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 9.75%. If vacancy is leased at current market rents NOI could jump to $148K and cap rate would be increased to 11.5%. 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 the MLS or John Lyons Real Estate | Baird & Warner. 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 John Lyons Real Estate | Baird & Warner 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 broker. 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. Data last updated: 2019-03-18T23:51:25.267.

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    www.johnlyonsrealestate.com/homes/83574850

    5217 Chicago Avenue Chicago, IL 60651

    • Price: $1,290,000
    • Status: Active
    • MLS #: 09950143
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,205
    SQFT
    $179
    $/SQFT
    2008
    Built
    Neighborhood:
    Chi - Austin
    County:
    Cook
    Area:
    Chi - Austin
    Property Description
    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 9.75%. If vacancy is leased at current market rents NOI could jump to $148K and cap rate would be increased to 11.5%. 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 16699 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 2016 Net Rentable Area 7205 Property Offered For Sale Only Tax Year 2016 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 the MLS or John Lyons Real Estate | Baird & Warner. 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 John Lyons Real Estate | Baird & Warner 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 broker. 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. Data last updated: 2019-03-18T23:51:25.267.

    Digital Millennium Copyright Act
     
    John Lyons Real Estate | Baird & Warner
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    Chicago IL, 60614