3637 Division StChicago, IL 60651

Property Details for 3637 Division St

Year built

1985

Lot size

0.35 AC

Property size (Sq ft)

4,400 SF

Property type

Retail space

APN

16-02-306-006

APU

1602306006

Description

This exceptional commercial property located at 3637 W Division St in Chicago, IL, presents a lucrative investment opportunity. The 7,700 square foot building, zoned C2-1, is a four-story structure situated on a .52-acre lot (approximately 22,648 square feet) with 181 feet of frontage. Currently operating as a restaurant, the property includes three additional businesses: a grocery store, a tire shop, and another space requiring remodeling. The property boasts significant income potential beyond the existing businesses, thanks to a large billboard generating additional revenue. The site benefits from high vehicular and pedestrian traffic at the corner of Division, Monticello, and Grand Streets in Cook County, zip code 60651. Ample parking is available with 25 spaces. The property's assessed parcel number (APN) is 16023060060000. This multi-faceted property offers a unique blend of established income streams and significant redevelopment potential. The asking price is $799,000, translating to $228.29 per square foot. This prime location and diverse income streams make this a compelling investment for discerning buyers. Bring your vision and entrepreneurial spirit to unlock the full potential of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,946,975

  6.5%

  $1,797,208

  7%

  $1,668,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,444,212

  Geo Method

  $1,444,212

• Alternative Use

  Use

  Valuation

  Residential

  $1,516,012

  Hospitality

  $1,388,659

  Educational

  $1,155,348

  Medical

  $1,195,082

  Retail

  $1,797,208

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9025

Longitude

-87.7181

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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