7133 Greenwood AveChicago, IL 60619

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 homes

Property subtype

Small apartment buildings

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.

• 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

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

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