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Dental Medical Office Building 3425 W Peterson Ave 6,000 SF 100% Leased Office Building Chicago, IL 60659 $1,249,900 ($208.32/SF) 7.76% Cap Rate
INVESTMENT HIGHLIGHTS
- Well maintained office building!
- New utility systems
- Hot Peterson corridor
EXECUTIVE SUMMARY
WELL MAINTAINED 10,000 SQUARE FOOT, TWO STORY BUILDING FEATURING NINE OFFICES AND 10 PARKING SPACES IN THE REAR. THE PROPERTY IS EQUIPPED WITH ENTIRELY NEW UTILITY SYSTEMS AND INCLUDES FOUR BATHROOMS. ANNUAL EXPENSES AND RENT ROLL ARE IN THE ADDITIONAL INFORMATION. “We’re considering adding two additional stories to the building, creating a total of nine brand-new apartments. Each unit will feature two bedrooms and one bathroom, designed for comfort and efficient living. This vertical expansion aims to maximize space and value while maintaining architectural harmony with the existing structure.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$96,976
|
$16.16
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $96,976 |
| Annual Per SF | $16.16 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,000 SF
Building Class
C
Year Built
1962
Price
$1,249,900
Price Per SF
$208.32
Cap Rate
7.76%
NOI
$96,976
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,000 SF
Slab To Slab
10’
Building FAR
0.86
Lot Size
0.16 AC
Zoning
B4-1, Chicago
Parking
9 Spaces (1.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 13-02-403-001-0000 | Improvements Assessment | $54,413 |
| Land Assessment | $63,088 | Total Assessment | $117,501 |
PROPERTY TAXES
Parcel Number
13-02-403-001-0000
Land Assessment
$63,088
Improvements Assessment
$54,413
Total Assessment
$117,501
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Dental Medical Office Building | 3425 W Peterson Ave
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