2004 Roscoe StChicago, IL 60618

Property Details for 2004 Roscoe St

Year built

1913

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

3,816 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

14-19-315-045

APU

1419315045

Description

This exceptional Roscoe Village property offers a prime 1,188 sq ft storefront, perfect for a restaurant. Located in a high-traffic retail area, this Class B building boasts a 13' ceiling and is situated in a vibrant residential neighborhood with excellent walkability and proximity to public transportation. The building, constructed in 1913, features three stories and includes a spacious basement (approx. 1,090 sq ft). A dedicated garage space provides additional storage for the storefront. City permits are already secured, and architectural drawings are available, reflecting a previous plan for a sushi bar. This presents a unique opportunity to lease the storefront while also benefiting from the existing rental income generated by two occupied three-bedroom, one-bathroom apartments above, each yielding approximately $2,300-$2,350 monthly rent. The property's zoning is B1-2, and its APN is 14193150450000. The building is located at 2004 W Roscoe St, near Damen Ave. High foot traffic and a strong retail presence ensure a steady stream of potential customers, making this a truly prime investment opportunity. The single-tenant space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,362

  6.5%

  $1,314,796

  7%

  $1,220,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $770,403

  Geo Method

  $770,403

• Alternative Use

  Use

  Valuation

  Residential

  $1,314,796

  Hospitality

  $1,204,346

  Educational

  $1,002,002

  Medical

  $1,036,462

  Retail

  $1,558,669

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9435

Longitude

-87.6788

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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