For Sale
$550,000

4100 Ogden AveChicago, IL 60623

Chicago 5-unit building, 10.75% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional mixed-use investment opportunity presents a three-story building situated on a 3,125 square foot lot in Chicago's North Lawndale neighborhood. The property, located at 4100 W Ogden Ave, boasts a strong 10.75% capitalization rate, generating a net operating income (NOI) of $59,127. Built in 1906, this well-maintained structure comprises five units, currently enjoying 100% occupancy. The building is zoned C1-2, allowing for a variety of commercial uses. The property features a mix of residential and commercial tenants, providing a stable income stream. The asking price is $550,000. The property's Cook County Assessor's Parcel Number (APN) is 16272050430000. This cash-flowing investment is ideal for those seeking a stable, income-producing asset in a growing Chicago neighborhood. The lease type is modified, and while the tenants are currently stable, there is no credit rating information available. This is a single building with a multi-tenant occupancy.

Highlights

  • Exceptional mixed-use investment opportunity in Chicago's North Lawndale neighborhood.
  • Three-story building on a 3,125 sq ft lot at 4100 W Ogden Ave, with a strong 10.75% cap rate.
  • $550,000 asking price, generating $59,127 NOI.
  • Five units, 100% occupancy, C1-2 zoning.
  • Built in 1906, well-maintained, with a mix of residential and commercial tenants.

Property Details for 4100 Ogden Ave

Property type
Mixed-use properties
Year Built
1906
Buildings
1
Stories
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.850422039218
Longitude
-87.726530505449
4100 Ogden Ave, Chicago, Illinois

FAQs

What type of property is this?
Mixed-use property - Chicago 5-unit building, 10.75% cap rate.
Where is the mixed-use property located?
The property is located at 4100 Ogden Ave Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Chicago's North Lawndale neighborhood.; Three-story building on a 3,125 sq ft lot at 4100 W Ogden Ave, with a strong 10.75% cap rate.; $550,000 asking price, generating $59,127 NOI.
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4100 Ogden Ave
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