4421 Grenshaw StChicago, IL 60624

  • Industrial properties
  • 3,300 SF
For Sale
$1,000,000 View listing

Property Details for 4421 Grenshaw St

Year built
1965
Lot size
0.07 AC
Property size (Sq ft)
3,300 SF
Property type
Industrial properties
APN
16-15-329-014
APU
1615329014

Description

This exceptional Chicago industrial property, located at 4421 W Grenshaw St, offers a compelling investment opportunity. Priced at $1,000,000, this 14,100 square foot warehouse sits on a substantial 21,875 square foot lot, equivalent to approximately seven standard Chicago lots. Currently configured for automotive repair, with ample space for vehicle storage, the property presents significant potential for continued use in this sector or complete redevelopment. The property comprises two buildings and several vacant lots, all situated within the INDUS-zoned area. Its strategic location near the Roosevelt & Kostner corridor provides easy access to Interstate 290, enhancing its logistical appeal. The property is being offered "as is," allowing for maximum flexibility in future plans. Given its size and zoning, numerous business ventures are feasible. The area is experiencing planned commercial development, making this a timely investment in a growing sector. This is a rare chance to acquire a large-scale industrial property in a prime Chicago location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,137,009
    Hospitality
    $1,041,494
    Educational
    $866,511
    Medical
    $896,311
    Retail
    $1,347,906
4421 Grenshaw St, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8667
Longitude
-87.7359
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
$7,048
$3,125
$31,025
$34,150
-
$12,500
$124,100
$136,600

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