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3838-3840 N Harlem Ave 4,200 SF 100% 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 Under Contract
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 1,400 SF
- -
- -
- -
Farmers Insurance began in 1928, when its founders set out to provide quality insurance at a reasonable price. The company offers coverage for home, auto, life, business, recreational vehicles, and other financial products through multiple brands and distribution channels, including exclusive agencies, independent agents, online sales, and company call centers. Farmers has grown into a U.S. insurance group with a broad market presence and a national claims service network. The business continues to serve households and businesses across the country while maintaining its focus on insurance and related financial services.
- 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 | - |
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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