For Sale
$449,000

4231-33 Kedzie Ave Chicago, IL 60618

Chicago Storefront Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional three-unit retail storefront property, located at 4231-4235 N. Kedzie Avenue in Chicago, Illinois, presents a compelling investment or owner-user opportunity. Built in 2007 and renovated in 2017, the property boasts a total of 3,174 square feet across three units, situated on a 0.27-acre lot. Each unit is individually metered, offering flexibility for various retail uses. The property benefits from a prime location on high-traffic Kedzie Avenue in the desirable Old Irving Park neighborhood, less than a mile from the I-90/94 Expressway, and within easy reach of public transportation, including the CTA train and Metra. The asking price is $449,000, translating to $109.96 per square foot. Two parking spaces are included. Current leases are short-term, providing immediate occupancy potential for a user or the opportunity for an investor to increase rental income. This property offers a strong potential return on investment, with a projected 18% pro forma. The property's modern construction and recent renovation ensure a well-maintained and attractive space for tenants. This is a rare opportunity to acquire a well-located, multi-unit retail property in a thriving Chicago neighborhood.

Highlights

  • Three retail condos in the desirable Old Irving Park neighborhood.
  • Less than one mile from I-90/94 Expressway, close to CTA and Metra.
  • Built in 2007, remodeled in 2017; 3,174 square feet on a 0.27-acre lot.
  • Two parking spaces included.
  • 18% projected pro forma return.

Property Details for 4231-33 Kedzie Ave

Property type
Retail properties, Retail space
Square Feet
3,174 SF
Year Built/Renovated
2007/2017
Lot Size (sq. ft)
11,761 SF
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9585338
Longitude
-87.7079851
4231-33 Kedzie Ave, Chicago, Illinois

FAQs

What type of property is this?
Retail property - Chicago Storefront Investment Opportunity
Where is the retail property located?
The property is located at 4231-33 Kedzie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three retail condos in the desirable Old Irving Park neighborhood.; Less than one mile from I-90/94 Expressway, close to CTA and Metra.; Built in 2007, remodeled in 2017; 3,174 square feet on a 0.27-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4231-33 Kedzie Ave
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