8120 Kedzie AveChicago, IL 60652

Property Details for 8120 Kedzie Ave

Year built

1969

Lot size

0.12 AC

Property size (Sq ft)

2,000 SF

Property type

Retail residential properties

APN

19-35-220-047

APU

1935220047

Description

This exceptional mixed-use property at 8120 S Kedzie Ave, Chicago, IL 60652 presents a compelling investment opportunity. The three-story, 4,600 square foot building, constructed in 1969 and renovated in 2023, sits on a 0.12-acre lot. It features twelve units: eight one-bedroom residential apartments (seven currently rented, one available) and four fully rented commercial storefronts. The property boasts a strong current NOI of $117,780, translating to a 12.40% cap rate and a pro-forma NOI of $104,899 with a pro-forma cap rate of 11.04%. The asking price is $950,000, representing a price per square foot of $206.52 and a price per unit of $79,166.67. Located in a family-friendly Cook County neighborhood adjacent to a kindergarten and shopping center, this property offers high visibility and accessibility, ensuring consistent cash flow from both residential and commercial tenants. This is a rare chance to acquire a well-maintained, income-producing asset in a desirable Chicago location. The building's strong occupancy rates and recent renovations contribute to its attractive investment profile. This mixed-use building offers a blend of residential comfort and commercial viability in a growing area, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $797,001

  6.5%

  $735,694

  7%

  $683,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $403,775

  Geo Method

  $403,775

• Alternative Use

  Use

  Valuation

  Residential

  $735,694

  Hospitality

  $673,891

  Educational

  $560,670

  Medical

  $579,952

  Retail

  $872,153

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7454

Longitude

-87.7027

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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