1810 Chicago AveChicago, IL 60622

Property Details for 1810 Chicago Ave

Year built

1885

Lot size

0.07 AC

Property size (Sq ft)

3,168 SF

Property type

Retail residential properties

APN

17-06-436-018

APU

1706436018

Description

This 1,800 square foot medical office building, located at 1810 W Chicago Avenue in Chicago's West Town neighborhood, presents a unique investment opportunity. The single-tenant property features eight exam rooms, each equipped with plumbing stubs, a reception area, a business office, and two restrooms. The building is fully handicap accessible and situated on a 0.07-acre lot. Constructed in a three-story building (Class B), it underwent renovations in 2011. The B3-2 zoning allows for a variety of uses. While off-street parking isn't mandated for medical offices under 4,000 square feet, limited rear surface parking is available. This prime location boasts exceptional demographics, with over 57,000 residents within close proximity and an average household income exceeding $174,000. The surrounding area offers a wealth of retail amenities, including restaurants, grocery stores, and various services, all within a short distance. This property is ideal for medical professionals seeking a well-equipped space in a thriving, high-income neighborhood. The building's convenient location and strong surrounding demographics make it an attractive investment opportunity. The property is easily accessible via Wood Street. Cook County location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,262,450

  6.5%

  $1,165,338

  7%

  $1,082,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,580

  Geo Method

  $639,580

• Alternative Use

  Use

  Valuation

  Residential

  $1,165,338

  Hospitality

  $1,067,444

  Educational

  $888,101

  Medical

  $918,644

  Retail

  $1,381,490

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8963

Longitude

-87.6727

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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