924-928 W 38th Place Chicago, IL ^$ 4,750,000

924-928 W 38th Place

^$ 4,750,000

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924-928 W 38th Place

Chicago, IL, 60609

^$ 4,750,000

Studio Baths0.0 Sq 46,000

Monthly Estimate*

^$ 33,180

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Studio

Commercial Property for sale in Chicago, IL

for $4,750,000. This 46,000 square foot building was built in 1935.

Investment Opportunity | Part 1-story and 3-story industrial/office/flex building complex for sale. Buildings Total 46,000 SF. Newly renovated in 2017 with exposed brick, air ducts, and large windows. Mixed studio and office spaces house a variety of creative tenants. 2 Drive-In doors cater to the larger tenant spaces at the front. Spaces can be leased for warehouse, industrial, office or retail use. Current tenants include HVAC, Photography, Beauty & Wellness. Potential to add value through leasing of parking spaces. There is a 5% escalation clause for tenant rental agreements. 924 38th Pl has two vacant units. 928 38th Pl has 5 total vacancies in the newly constructed basement level (Floors 1 and 2 have 0 vacancies). Don't miss this great opportunity just a mile from Chicago White Sox Field!

Commercial Active

Price

^$ 4,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 96,002

Style

Year Built

1935

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11937980

Features

General

Cooling Central Air

Zoning INDUS

Year Built 1935

Electric Heavy Power 1200+ Amps

Tenant Pays Varies by Tenant

Stories 2

Tax Year 2022

Gross Income 626520

County Cook

Net Operating Income 443278

Operating Expense 183242

Property Type Commercial Sale Industrial

Status Active

Directions Located on 38th Pl. between Sangamon St. and S. Lituanica Ave.

City Chicago

MLS Area CHI - Bridgeport

Lot Size Square Feet 0

Street Name 38th

Tax Annual Amount 96002

Additional Parcels Y/N Y

Leasable Area 46000

Days on Market 8

Standard Status Active

Exterior

Building Area Total 46000

Lot Dimensions 175X150

Interior

Street Suffix Place

* Excluded Features

List By

Strauss Realty Ltd

Broker

adam@straussrealty.com

Affordability Calculator

$41,180

Per Month

Monthly Principal & Interest: $33,180
Monthly Property Taxes: $8,000
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$834,057

Percent of Sale Price 82%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2023	$4,750,000		Listed Price

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924-928 W 38th Place, Chicago, IL, 60609 is a Commercial Property for sale at $4,750,000 with 46,000 sqft. 924-928 W 38th Place is a studio with 0.0 baths and was built in 1935. The property's zip code is 60609 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/28/2024.

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924-928 W 38th Place

Commercial Property for sale in Chicago, IL

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