612 Ogden AveChicago, IL 60642

Property Details for 612 Ogden Ave

Year built

1901

Construction

FRAME

Lot size

0.04 AC

Property size (Sq ft)

2,580 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

17-08-120-038

APU

1708120038

Description

This exceptional mixed-use property at 612 N Ogden Avenue in Chicago's vibrant Cook County presents a unique investment opportunity. Boasting a total of 3,473 square feet across three stories, this building seamlessly blends retail, multifamily, and land uses. The property is zoned B3-2, allowing for a variety of commercial and residential applications. The building's versatile layout offers significant potential for diverse income streams. The 0.08-acre lot provides ample space for expansion or outdoor amenities. The asking price is $1,000,000. Located in the 60642 zip code, this property benefits from its strategic location in Chicago, Illinois, offering easy access to major transportation routes and a thriving local community. The building's current configuration includes restaurant space, commercial space, and apartment units, providing a solid foundation for immediate income generation and future development. This is an ideal opportunity for investors seeking a well-positioned, multi-faceted property with significant upside potential in a dynamic urban market. The property's size and zoning offer flexibility for a variety of uses, making it an attractive investment for both seasoned and emerging investors. Detailed financial information and property plans are available upon request. Don't miss this chance to acquire a prime piece of Chicago real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,132

  6.5%

  $949,045

  7%

  $881,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,870

  Geo Method

  $520,870

• Alternative Use

  Use

  Valuation

  Residential

  $949,045

  Hospitality

  $869,320

  Educational

  $723,264

  Medical

  $748,138

  Retail

  $1,125,077

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.893

Longitude

-87.6578

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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