4401 Archer AveChicago, IL 60632

Property Details for 4401 Archer Ave

Year built

1964

Lot size

0.08 AC

Property size (Sq ft)

3,800 SF

Property type

Auto shops

APN

19-02-413-011

APU

1902413011

Description

This exceptional 3,800 square foot retail space, located at 4401 S Archer Ave in Chicago's Brighton Park neighborhood, presents a unique investment opportunity. Previously occupied by a body shop, the property boasts a versatile layout ideal for various commercial uses. The C2-2 zoning allows for flexibility in business ventures, from retail stores and restaurants to office spaces. Features include a fenced and gated 0.16-acre lot (6,782 square feet), on-site parking for approximately six cars, and two convenient overhead garage doors. Built in 1967, the property includes 3,800 square feet of net rentable space. The property's assessed value is reflected in the 2021 property taxes of $8,769.40. The property's parcel number (APN) is 19-02-413-010-0000. This prime location offers high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors seeking a well-positioned commercial property in a thriving Chicago neighborhood. The property's combination of size, zoning, and features makes it a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,795,181

  6.5%

  $1,657,090

  7%

  $1,538,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,247,274

  Geo Method

  $1,247,274

• Alternative Use

  Use

  Valuation

  Residential

  $1,397,818

  Hospitality

  $1,280,394

  Educational

  $1,065,272

  Medical

  $1,101,909

  Retail

  $1,657,090

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.813

Longitude

-87.7056

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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