1520 Sedgwick StChicago, IL 60610

Property Details for 1520 Sedgwick St

Year built

2002

Lot size

0.14 AC

Property type

Office properties

APN

17-04-111-054-1001

APU

17041110541001

Description

This exceptional retail property at 1520 N Sedgwick St, Chicago, IL 60610, presents a compelling investment opportunity. The 2,000 square foot building, constructed in 2004, boasts nine individual units, perfectly suited for a variety of retail uses. Its modern design and layout offer flexibility for diverse retail concepts, ensuring adaptability to evolving market demands. Each unit is thoughtfully designed to maximize tenant appeal and customer experience, fostering a thriving retail environment. The property's prime Chicago location guarantees high visibility and accessibility, attracting significant foot traffic. The well-maintained interior and exterior contribute to its immediate usability, making it an attractive prospect for investors seeking a ready-to-occupy asset. The asking price is $199,000. This property is situated in Cook County and offers a strong return on investment potential for those seeking to establish or expand their retail portfolio within a vibrant and dynamic urban setting. The building's modern construction and strategic location combine to create a highly desirable investment opportunity in the heart of Chicago.

• CAP approach

  CAP return

  Valuation

  6%

  $2,000,859

  6.5%

  $1,846,947

  7%

  $1,715,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,936

  Geo Method

  $810,936

• Alternative Use

  Use

  Valuation

  Residential

  $2,290,214

  Hospitality

  $2,097,824

  Educational

  $1,745,365

  Medical

  $1,805,390

  Retail

  $2,715,012

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.91

Longitude

-87.6389

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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