4253 Kedzie AveChicago, IL 60618

Property Details for 4253 Kedzie Ave

Year built

1925

Lot size

0.08 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

13-13-308-002

APU

1313308002

Description

This exceptional 3,750 square foot retail/office space is ideally situated in the thriving Irving Park neighborhood of Cook County. Built in 1925, the single-tenant building boasts impressive 12-foot ceilings, creating a versatile and spacious environment perfect for a variety of creative businesses. Currently vacant, this property presents a unique opportunity for immediate occupancy. The building is available for both lease and sale. The sale price for the building is $600,000. Additionally, an established picture framing business is available for purchase separately for $100,000. Street parking is readily available. The property benefits from a high-traffic location, with over 40,000 cars passing by daily and a daytime population exceeding 65,000. Its proximity to the CTA Brown Line Kedzie stop (less than half a mile away) ensures excellent accessibility for employees and customers. The low retail vacancy rate in the immediate area underscores the desirability of this location. This property is perfect for a business seeking a unique, high-visibility space in a vibrant and growing community. Serious inquiries only. Appointments are required to view the premises.

• CAP approach

  CAP return

  Valuation

  6%

  $884,989

  6.5%

  $816,912

  7%

  $758,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $656,460

  Geo Method

  $656,460

• Alternative Use

  Use

  Valuation

  Residential

  $689,096

  Hospitality

  $631,208

  Educational

  $525,158

  Medical

  $543,219

  Retail

  $816,912

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9591

Longitude

-87.7078

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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