12841 Halsted StChicago, IL 60628

Property Details for 12841 Halsted St

Year built

1955

Lot size

0.06 AC

Property size (Sq ft)

900 SF

Property type

Retail space

APN

25-33-110-003

APU

2533110003

Description

This exceptional investment opportunity presents a 900-square-foot storefront located at 12841 S Halsted Street in Chicago, Illinois, 60628. Built in 1955, this property sits on a generous 2,700-square-foot lot and is zoned C1-1, offering considerable flexibility for various retail uses. The asking price is $30,000, translating to a price per square foot of $33.33. This is a unique offering encompassing two parcels for the price of one, situated within Chicago's West Pullman neighborhood, specifically in the 119th/Halsted TIF district. The second parcel, located at 12843 S Halsted Street, also comprises 2,700 square feet, adding significant potential value to this already attractive investment. The property is being sold by the Cook County Land Bank Authority, presenting a rare chance to acquire a well-positioned retail space in a developing area. This prime location offers substantial potential for both established businesses and forward-thinking developers seeking a strategic foothold in a vibrant Chicago community. The property's size and zoning provide ample room for expansion or adaptation to suit a variety of commercial ventures. Serious inquiries are encouraged to explore this compelling opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $425,174

  6.5%

  $392,469

  7%

  $364,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,407

  Geo Method

  $295,407

• Alternative Use

  Use

  Valuation

  Residential

  $331,062

  Hospitality

  $303,251

  Educational

  $252,301

  Medical

  $260,978

  Retail

  $392,469

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.6602

Longitude

-87.6409

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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