6446 Central AveChicago, IL 60646

Property Details for 6446 Central Ave

Year built

1958

Lot size

0.07 AC

Property size (Sq ft)

1,700 SF

Property type

Retail space

APN

10-33-323-028

APU

1033323028

Description

This exceptional 1,700 square foot traditional office building, located at 6446 N. Central Avenue in Chicago, Illinois, presents a compelling investment opportunity. Built in 1958, the property sits on a 0.07-acre lot and is zoned B1-1, offering flexibility for various business uses. The building boasts a main office area, two additional semi-private offices, and a convenient half bath. Ample parking is available with an attached two-car garage and additional off-street parking for four more vehicles (three spaces side-by-side and one behind). This well-maintained property is priced at $269,000 and offers a strong return on investment potential. The address is 6446 N Central Ave, Chicago, IL 60646, within Cook County. The property's convenient location and ample parking make it an attractive option for businesses seeking a well-established office space in a desirable Chicago neighborhood. The building's solid construction and functional layout provide a comfortable and productive work environment. This is a rare opportunity to acquire a well-located, established office building in a thriving area of Chicago.

• CAP approach

  CAP return

  Valuation

  6%

  $752,240

  6.5%

  $694,376

  7%

  $644,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $557,991

  Geo Method

  $557,991

• Alternative Use

  Use

  Valuation

  Residential

  $585,732

  Hospitality

  $536,527

  Educational

  $446,384

  Medical

  $461,736

  Retail

  $694,376

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9988

Longitude

-87.7636

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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