3600 26Th StChicago, IL 60623

Property Details for 3600 26Th St

Year built

1912

Lot size

0.12 AC

Property size (Sq ft)

1,500 SF

Property type

Retail residential properties

APN

16-26-125-023

APU

1626125023

Description

This exceptional mixed-use property, located at 3600 W 26th St, Chicago, IL 60623, presents a compelling investment opportunity. The 10,541 square foot building boasts a prime location on a high-grossing retail corridor, second only to Michigan Avenue. The property features a three-story structure with street-level retail space occupied by two long-term tenants: Cash America (corporate lease extending to 2029) and Boost Mobile (franchisee, over 10 years). Above the retail space are six fully occupied apartments, offering significant value-add potential with a range of finishes and individual furnaces (tenant-paid heat). The building sits on a 5,344 square foot lot, zoned B3-2. The property's strong financial performance is highlighted by a 9.79% cap rate and a Net Operating Income (NOI) of $214,352, based on a $2,190,000 asking price. Recent improvements include new tuckpointing on the north and west sides and three newly installed PTAC heating/cooling systems in a top-floor unit. The property is offered free and clear of existing financing, providing immediate ownership and control. This is a rare chance to acquire a well-maintained, mixed-use asset with stable commercial tenants and substantial upside potential in the residential component. The property's multi-tenant occupancy is currently at 100%, with a remaining lease term of 5 years for at least one tenant. The Cook County APN is 16-26-125-023.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8446

Longitude

-87.715

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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