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3800 W Division St 1,600 SF Specialty Building Offered at $650,000 at a 6.45% Cap Rate in Chicago, IL 60651
Investment Highlights
- Busy 3 Bay Auto Shop
- Car Dealership Zoning Approved
- Great for a mechanic owner occupant or Investor with 5 year lease
Executive Summary
5-year lease with 3% annual increases is in place. 3-Bay Mechanic Shop and lot. Alderman once approved for car dealer.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,000
|
$33.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,000
|
$33.75
|
| Taxes |
$12,093
|
$7.56
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,093
|
$7.56
|
| Net Operating Income |
$41,907
|
$26.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $33.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $33.75 |
| Taxes | |
|---|---|
| Annual | $12,093 |
| Annual Per SF | $7.56 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,093 |
| Annual Per SF | $7.56 |
| Net Operating Income | |
|---|---|
| Annual | $41,907 |
| Annual Per SF | $26.19 |
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per SF | $406.25 | Lot Size | 0.07 AC |
| Sale Type | Investment or Owner User | Building Size | 1,600 SF |
| Cap Rate | 6.45% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1930 |
| Property Subtype | Auto Salvage Facility | Parking Ratio | 9.38/1,000 SF |
| Zoning | B3-1 - Commercial auto repair, car dealership | ||
| Price | $650,000 |
| Price Per SF | $406.25 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.45% |
| Property Type | Specialty |
| Property Subtype | Auto Salvage Facility |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,600 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 9.38/1,000 SF |
| Zoning | B3-1 - Commercial auto repair, car dealership |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 16-02-128-040-0000 | Total Assessment | $10,625 |
| Land Assessment | $10,358 | Annual Taxes | $12,093 ($7.56/SF) |
| Improvements Assessment | $267 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-02-128-040-0000
Land Assessment
$10,358
Improvements Assessment
$267
Total Assessment
$10,625
Annual Taxes
$12,093 ($7.56/SF)
Tax Year
2025
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3800 W Division St
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