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3850 W Cortland St
Chicago, IL 60647
Logan Square value-add redevelopment opp. · Industrial Property For Sale
Investment Highlights
- NOI ~$520,000 w/ flexible existing lease terms | Potential property incentives include TIF, Enterprise Zone, Underserved Area (EDGE) and HUBZone.
- ±147,000 SF building situated on +48,000 SF lot w/ 4 interior loading docks, 6 drive-in doors w/ 17’ clear height | Many spaces built out 2017-present
- New H2O, gas & electric lines in majority of building | New units painted w/ ceiling-hung heaters, LED lighting & circuit breaker boxes installed
- Masonry construction industrial/flex property w/ recent renovation in 2018, +488’ of street frontage on Springfield Ave & large windows/skylights
- Heavy power electrical service - 1200amp 120/240V 3phase with high legs | Exterior recently tuck-pointed, sandblasted and sealed
- 4 new drive-in doors & windows installed in substantial portion of building | Individual units mostly billed direct by People’s Gas
Property Facts
Amenities
- 24 Hour Access
- Property Manager on Site
- Storage Space
- Common Parts WC Facilities
- Fluorescent Lighting
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Property Taxes
| Parcel Number | 13-35-302-020-0000 | Improvements Assessment | $922,469 |
| Land Assessment | $171,791 | Total Assessment | $1,094,260 |
Property Taxes
Parcel Number
13-35-302-020-0000
Land Assessment
$171,791
Improvements Assessment
$922,469
Total Assessment
$1,094,260
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