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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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