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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 Group is a major U.S. insurer headquartered in Woodland Hills, California. Founded in 1928 by John C. Tyler and Thomas E. Leavey, the company began as Farmers Automobile Inter-Insurance Exchange and has grown into one of the largest property and casualty insurers in the country. Farmers offers a broad portfolio of insurance products, including auto, homeowners, renters, life, and commercial coverage, as well as financial services through affiliated entities. The organization operates as a group of reciprocal exchanges managed by Farmers Group, Inc., which is a wholly owned subsidiary of Zurich Insurance Group. Farmers serves millions of policyholders across all 50 states through a network of exclusive and independent agents.
- 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
- 1st Floor
- 1,400 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,400 SF | Retail | - | Now |
1st Floor
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-24-216-027-0000 | Total Assessment | $39,496 (2024) |
| Land Assessment | $23,250 (2024) | Annual Taxes | $15,870 ($3.78/SF) |
| Improvements Assessment | $16,246 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Presented by
Ken Orlando
3838-3840 N Harlem Ave
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