7133 Greenwood AveChicago, IL 60619
- Residential income properties
- 1,806 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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