5217 West Chicago Avenue Chicago, IL $ 1,250,000
5217 West Chicago Avenue
$ 1,250,000
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5217 West Chicago Avenue

Chicago, IL, 60651
$ 1,250,000
Bedrooms Baths0.0 Sq 7,205

Monthly Estimate*

$ 5,960

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5217 West Chicago Avenue, Chicago, IL 60651 - Image 1
5217 West Chicago Avenue, Chicago, IL 60651 - Image 2

Commercial Property for sale in Chicago, IL

for $1,250,000. This 7,205 square foot building was built in 2008 on a lot size of 107 X 141.

Opportunity Zone Investment! Newer 7, 205 sf retail center on a 15, 200sf lot. The center was built in 2008. It is 88% leased with only one 907 sf space vacant. Existing tenants include Subway, Metro PCS, Golden Hook Fish & Chicken and Austin Wine & Spirits. Current NOI is +/-$126, 296, and cap rate based on existing NOI is 10.4%. When vacancy is leased at current market rents NOI will jump to $150K and cap rate would be increased to 12%. The property is professionally managed and there is pylon signage. **THIS PROPERTY IS AVAILABLE AS A PORTFOLIO WITH 5235 W. CHICAGO**

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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 40,696

Style

Retail

Lot Size

107 X 141

Year Built

2008

Town/City

Chicago

County/Region

Cook

MLS | Web ID

09950143

Features
Interior
Cooling System Central Air
Heating System Forced Air Gas
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Exterior
Construction Brick
Foundation Concrete
Parking 1-20 Parking Spaces Outdoor Parking
Road Frontage City Street
Roof Flat Roof Membrane
Siding Brick
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Miscellaneous
Utilities Electric
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Rental
Tenant Pays Common Area Maintenance Electric Heating Insurance Janitorial Other Expenses Real Property Taxes Water/Sewer
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* Excluded Features
List By

Listing Agent

First Western Properties

Broker

Affordability Calculator

$9,352
Per Month
64%
36%
0%
Monthly Principal & Interest
$5,960
Monthly Property Taxes
$3,391
Monthly Home Insurance
--
Edit Insurance and Taxes
Default based on a 30-year fixed rate of 3.99% 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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Pricing History
DatePricePrice ChangeDescription
4/9/2019$1,250,000 -3.10% Price Down
5/14/2018$1,290,000 Listed Price

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5217 West Chicago Avenue, Chicago, IL, 60651 is a Commercial Property for sale at $1,250,000 with 7,205 sqft and a lot size of 107 X 141. 5217 West Chicago Avenue has 0.0 baths and was built in 2008. The property's zip code is 60651 which is in Chicago, IL