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3838-3840 N Harlem Ave 4,200 SF 67% Leased Retail Building Chicago, IL 60634 $375,000 ($89.29/SF) 7.90% Cap Rate
Investment Highlights
- On heavily-trafficked Harlem Avenue. Tenant parking in rear of building.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,100
|
$11.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,100
|
$11.93
|
| Taxes |
$15,870
|
$3.78
|
| Operating Expenses |
$4,500
|
$1.07
|
| Total Expenses |
$20,370
|
$4.85
|
| Net Operating Income |
$29,730
|
$7.08
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $50,100 |
| Annual Per SF | $11.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,100 |
| Annual Per SF | $11.93 |
| Taxes | |
|---|---|
| Annual | $15,870 |
| Annual Per SF | $3.78 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $20,370 |
| Annual Per SF | $4.85 |
| Net Operating Income | |
|---|---|
| Annual | $29,730 |
| Annual Per SF | $7.08 |
Property Facts
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 1,400 SF
- -
- -
- -
Farmers Insurance traces its roots back to 1928 when it was established in Los Angeles, California, by John C. Tyler and Thomas E. Leavey. The company was created to offer vehicle insurance to farmers and ranchers who had lower accident rates than city dwellers. Over the decades, Farmers Insurance expanded its services to include homeowners, renters, and business insurance. The company operates through exclusive and independent agents across the United States. Farmers Insurance is a wholly owned subsidiary of Zurich Insurance Group, a Swiss-based insurance provider. It has maintained a strong presence in the insurance market for many years.
- Toy Store
- Retailer
- 1,400 SF
- -
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 1,400 SF | - | - | - | |
| Toy Store | Retailer | 1,400 SF | - | Full Service | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 3838
- 1,400 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 3838 | 1,400 SF | Retail | In-Line | Now |
3838
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $91,820 | |
| Land Assessment | $46,500 | Annual Taxes | $15,870 ($3.78/SF) |
| Improvements Assessment | $45,320 | Tax Year | 2025 |
Property Taxes
Presented by
Ken Orlando
3838-3840 N Harlem Ave
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