15 83Rd StChicago, IL 60619

  • Commercial real estate
  • 0.07 AC
For Sale
$1,350,000 View listing

Property Details for 15 83Rd St

Year built
1976
Lot size
0.07 AC
Property type
Commercial real estate
APN
20-34-300-007
APU
2034300007

Description

This exceptional retail property, located at 15-33 E. 83rd St in Chicago, Illinois, presents a unique investment opportunity. Boasting 5,200 square feet of space, this free-standing building offers unparalleled visibility at the intersection of the Dan Ryan Expressway and 83rd Street in the vibrant Chatham neighborhood. The property features a substantial amount of street-facing windows, maximizing natural light and providing excellent storefront appeal. Previously used as a restaurant, this second-generation space is well-suited for a variety of uses, including restaurants, medical or dental offices, or a co-working space. Ample parking is available with 39 spaces, a significant advantage in this location. The asking price for this prime retail space is $1,350,000. The property's address is 15 E 83rd St, Chicago, IL 60619, situated in Cook County. This location offers exceptional access to major transportation routes and a strong customer base. The property's size and prominent location make it an ideal investment for discerning buyers seeking a high-impact commercial property in a thriving Chicago neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,066,756
    Hospitality
    $977,142
    Educational
    $812,971
    Medical
    $840,930
    Retail
    $1,264,622

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7434
Longitude
-87.6236
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,463
$6,525
$587
$7,112
-
$26,100
$2,348
$28,448

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