7133 Greenwood AveChicago, IL 60619

  • Residential income properties
  • 1,806 SF
For Lease

Property Details for 7133 Greenwood Ave

Year built
1893
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.07 AC
Property size (Sq ft)
1,806 SF
Property type
Residential income properties
Property subtype
Residential income homes
APN
20-26-105-011
APU
2026105011

Description

This exceptional 1,050-square-foot retail space is available for lease at 7133 S Greenwood Avenue in Chicago, Illinois, within Cook County. The property is classified as a single-tenant retail space with an apartment subtype, offering a unique opportunity for a variety of businesses. The entire building, totaling 1,050 square feet, is currently vacant, presenting a blank canvas for a prospective tenant to customize and develop. The address is conveniently located in the 60619 zip code, providing easy access to local amenities and a diverse customer base. This property is ideal for a business seeking a high-visibility location with ample space to establish a strong presence. The single-tenant occupancy ensures exclusive use of the entire building, eliminating the complexities of shared spaces and potential conflicts. The property's classification as both retail and apartment suggests potential flexibility in its usage, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence regarding zoning and permitted uses. This is a prime opportunity to secure a well-located, sizable retail space in a vibrant Chicago neighborhood. The property's size and vacancy make it an attractive proposition for businesses looking to establish a new location or expand their existing operations. Further inquiries are welcome to discuss lease terms and conditions.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $719,692
    6.5%
    $664,331
    7%
    $616,879
  • Comparable approach

    Method
    Valuation
    Relative Method
    $364,609
    Geo Method
    $364,609
  • Alternative Use

    Use
    Valuation
    Residential
    $664,331
    Hospitality
    $608,524
    Educational
    $506,285
    Medical
    $523,697
    Retail
    $787,554
7133 Greenwood Ave, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.765
Longitude
-87.5979
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,851
$3,906
$5,093
$8,999
-
$39,060
$50,930
$89,990

FAQs

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