1911 Chicago AveChicago, IL 60622

Property Details for 1911 Chicago Ave

Year built

1923

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

3,758 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

17-07-200-019

APU

1707200019

Description

This exceptional mixed-use building, located in Chicago's vibrant West Town neighborhood, presents a compelling investment opportunity. The property boasts 4,945 square feet across two stories, encompassing three units: two residential apartments and one retail storefront. Currently operating at 100% occupancy, the building features a recently renewed five-year lease on the retail space, providing immediate income and stability. Built in 1922 and extensively renovated in 2022, this property offers a blend of historic charm and modern updates. The two residential units present an opportunity for increased rental income through cosmetic improvements. Situated on a 2,926 square foot lot, the building is zoned B3-2 and includes a two-car garage. Its prime location within the Chicago Avenue Transit-Oriented Development (TOD) boundaries, surrounded by desirable neighborhoods like Wicker Park, East Village, Noble Square, and Ukrainian Village, ensures strong tenant demand and future appreciation potential. This core investment offers a blend of immediate return and long-term growth prospects in a thriving Chicago community. The property's strong tenant mix and location within a stable and highly sought-after neighborhood make it an attractive investment for discerning buyers. The APN is 17072000190000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,497,566

  6.5%

  $1,382,368

  7%

  $1,283,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $758,693

  Geo Method

  $758,693

• Alternative Use

  Use

  Valuation

  Residential

  $1,382,368

  Hospitality

  $1,266,242

  Educational

  $1,053,498

  Medical

  $1,089,730

  Retail

  $1,638,775

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8957

Longitude

-87.6751

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].