633 Plymouth CtChicago, IL 60605

Property Details for 633 Plymouth Ct

Year built

1888

Lot size

0.23 AC

Property type

Other commercial real estate

APN

17-16-408-038

APU

1716408038

Description

This exceptional 6,895 square foot, multi-tenant retail storefront at 633 S Plymouth Ct, Chicago, IL 60605, is a prime investment opportunity. Currently boasting 100% occupancy across three units, this Class B building offers a stabilized investment with an 8.37% cap rate and an asking price of $810,000 ($117.48/sq ft). Built in 1906 and zoned DX-12, the property benefits from a strong location within walking distance of the Red and Blue lines, providing convenient access for both residents and visitors. The building serves the 92 residential units above and the surrounding community. Proximity to Lake Michigan, popular attractions, and adjacent parking enhances its appeal. The major tenant holds a lease extending to September 2029, while the remaining two leases expire in mid-2024 and 2026, presenting potential for future lease renegotiations. The building is well-maintained and features a tenant association for the residential units. This is a rare opportunity to acquire a high-performing retail property in a desirable Chicago location. The property is for sale by owner.

• Alternative Use

  Use

  Valuation

  Residential

  $3,678,836

  Hospitality

  $3,369,794

  Educational

  $2,803,629

  Medical

  $2,900,050

  Retail

  $4,361,200

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8735

Longitude

-87.6284

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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