4818 Pulaski RdChicago, IL 60632

Property Details for 4818 Pulaski Rd

Year built

2005

Lot size

0.37 AC

Property type

Retail properties

Property subtype

Banks

APN

13-10-428-035

APU

1310428035

Description

This mixed-use building at 4818 S Pulaski Rd, in Cook County's Archer Heights submarket, presents a unique investment opportunity. The 5,400 square foot building, constructed in 1934, features a two-story structure with a commercial space on the ground floor and a residential apartment on the second. Currently, the entire 5,400 square feet is vacant, offering flexibility for a variety of uses. The ground floor, previously a nightclub, comprises two available spaces, ranging from 1,998 to 2,674 square feet, ideal for retail development. These spaces can be leased individually or together. The second floor houses a two-bedroom, two-bathroom apartment with an open layout and bright walls. A full, unfinished basement provides ample storage potential. The property also boasts a sizable backyard and a two-car garage, adding further value. Located on Pulaski Road, the property enjoys excellent visibility and accessibility, with a convenient nine-minute walk to the CTA Orange Line Pulaski Station. Its proximity to major retailers like Target and Pete's Fresh Market, I-55, and Midway Airport enhances its appeal. The property sits on a half-acre lot and is zoned COMMR. Parking is available at a rate of 0.37 spaces per 1000 square feet. There are no elevators in the building. This property offers a compelling blend of commercial and residential potential in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,225,932

  6.5%

  $6,670,091

  7%

  $6,193,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,359,996

  Geo Method

  $5,359,996

• Alternative Use

  Use

  Valuation

  Residential

  $5,626,471

  Hospitality

  $5,153,818

  Educational

  $4,287,916

  Medical

  $4,435,384

  Retail

  $6,670,091

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.969

Longitude

-87.7284

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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