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5801 Northwest Hwy 9,544 SF 100% Leased Office Building Chicago, IL 60631 $1,799,000 ($188.50/SF) 6.09% Cap Rate
Investment Highlights
- 1991 Construction
- Pitched Roof Replaced in 2014
- Copper Electric & Plumbing Throughout
- Owner User or Investor Opportunity
- Tenant Paid Utilties
- Successful Day Care Tenant Since 2007
Executive Summary
33 Realty's pleased to present for sale 5801 N. Northwest Highway in Chicago, IL 60631. Completed in 1991, this 9,250 Net Rentable Square Feet mixed use building contains co-working type office space (former real estate office) , a successful day care operation on the first floor and 5 one bedroom/one bathroom apartments on the second floor with 6th apartment in the lower level. The site includes a large 8,250 SF parcel with a spacious rear yard and rear parking for 5 vehicles. The property has central HVAC which includes 10 gas forced air furnaces, 6 hot water tanks, and 10 condensers.
The property generats multiple income streams via the month to month rental of individual desks to tenants, in addition to the first floor day care center and the apartments. 5801 N. Northwest Highway presents a tremendous opportunity to add value by bringing rents to market value for either a pure investor or as an owner user for the first floor commercial space.
The property generats multiple income streams via the month to month rental of individual desks to tenants, in addition to the first floor day care center and the apartments. 5801 N. Northwest Highway presents a tremendous opportunity to add value by bringing rents to market value for either a pure investor or as an owner user for the first floor commercial space.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,544 SF
Building Class
B
Year Built
1990
Price
$1,799,000
Price Per SF
$188.50
Cap Rate
6.09%
NOI
$109,559
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,772 SF
Slab To Slab
10’
Building FAR
1.99
Lot Size
0.11 AC
Zoning
C1-1
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $70,600 | |
| Land Assessment | $24,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $45,850 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$24,750
Improvements Assessment
$45,850
Total Assessment
$70,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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5801 Northwest Hwy
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