833 W Chicago Avenue Chicago, IL $ 7,900,000
833 W Chicago Avenue
$ 7,900,000
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833 W Chicago Avenue

Chicago, IL, 60642
$ 7,900,000
Bedrooms-- Baths-- Sq 40,000
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Property for Rent in Chicago, IL

for $7,900,000. This 40,000 square foot property was built in 1909 on a lot size of 0.619835.

Prime Chicago's Northwest Loop/River North, a neighborhood combining commercial and residential at the corner of Chicago Ave., and Green St., just steps west of Halsted St., historical charm six-story brick loft timber building with today's functionality, featuring passenger elevator, 13' and 12' ceilings height, original exposed brick walls, each floor has 2-sets of large female and male bathrooms, 2-wide staircase on the east side and the northwest side, exposed heat and AC ceiling ducts, lots of wide & large windows providing natural lights in, 2009, sprinkler system, 833- 843, Chicago Ave., buildings are 3-story height. Minutes to Chicago's loop, Magnificent Mile/Michigan Ave., major roads, interstate, bus stops, and within a short distance to the train station. 3-toproof furnaces, 2020 and 2010. Downtown service district, of DS 5 zoning/downtown's periphery with continued growth. This beautiful building and great location provide immediate stable income with value-add opportunity/potential. The property is currently about 80% occupied. The street level 10,000 Sq. ft. retail space is strongly established and presents solid income. Possible conversion of multifamily apartments.

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Rental Active

Price

$ 7,900,000

Taxes

$ 250,000

Style

Commercial

Lot Size

0.619835

Year Built

1909

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12335265

Features
General
Cooling Central Air
Roof Rubber
Zoning RTAIL
Construction Materials Brick
Year Built 1909
Electric Service - 201 to 600 Amps
Tenant Pays Common Area Maintenance Electricity Heat Janitorial Service
Stories Count 6
Township West Chicago
Tax Year 2023
Current Use Commercial
Gross Income 874104
County Cook
Net Operating Income 515699
Operating Expense 358405
Insurance Expense 19000
Property Type Commercial Sale Mixed Use
Status Active
Directions Halsted St. to Chicago Ave. west to address. Damen Ave.-Chicago Ave. east to address
City Chicago
Number Of Units Total 47
MLS Area CHI - West Town
Lot Size Square Feet 27000
Tax Annual Amount 250000
Electric Expense 1500
Fuel Expense 1500
Trash Expense 3500
Water Sewer Expense 4200
Additional Parcels Y/N Y
Lease Type Gross
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 40000
Lot Dimensions 27000
Frontage Type City Street
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* Excluded Features
List By
Century 21 Circle

Broker

mark@chicagorealestatemarkets.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/6/2025$7,900,000 -7.06% Price Down
10/29/2025$8,500,000 -5.55% Price Down
9/12/2025$8,999,000 -5.26% Price Down
8/23/2025$9,499,000 -5.00% Price Down
4/11/2025$9,999,000 Listed Price

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833 W Chicago Avenue, Chicago, IL, 60642 is a Property for Rent at $7,900,000 with 40,000 sqft and a lot size of 0.619835. 833 W Chicago Avenue was built in 1909. The property's zip code is 60642 which is in Chicago, IL