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63 E 43rd St 8,607 SF 50% Leased Retail Building Chicago, IL 60653 $849,900 ($98.75/SF) 8.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in a high traffic location.
- Well maintained with capital improvements: Furnaces and Central Air, Roofing, Electrical, Plumbing and Tuckpointing all within the last 5 years!
- Mixed used building with 8 store fronts and 1 multi-family unit - Anchored by Alice's Bar B Q Store and available for lease QSR space.
- Offers easy access to public transportation, Dan Ryan and LSD!
EXECUTIVE SUMMARY
Prime 43rd Street mixed use (8 store front + one 2 bedroom apartment) property. This is a high traffic location. Property is anchored by neighborhood staple Alice's Bar B Q Store and has another quick service restaurant on the other corner of the building. Other occupied stores include: barber salon, beauty salon with multiple use spaces available for lease. Above the southeast corner QSR unit is a 1200 sqft 2 bedroom apartment. Since 2022, capital improvements include new furnaces throughout, central air in 5 of the units, new baths, plumbing, electric, and tuckpointing! Located 2 blocks from CTA 43rd St. Green Line and new residential development. Two blocks south is the Chicago Urban League headquarters. Don't miss out on this prime property with great possibilities.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,607 SF
Building Class
C
Year Built
1908
Price
$849,900
Price Per SF
$98.75
Cap Rate
8.67%
NOI
$73,710
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.38 AC
Zoning
B3-3 - Shopping centers, large stores, and retail storefronts, often along major streets.
Parking
9 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
193’ on E 43rd St
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Alice's BBQ
- Accommodation and Food Services
-
99,999 SF
-
$9.99
- -
- -
- Dezigner Stylez
- Services
-
99,999 SF
-
$9.99
- -
- -
- Fatou African Braiding
- Services
-
99,999 SF
-
$9.99
- -
- -
- Kayco Salon
- Services
-
99,999 SF
-
$9.99
- -
- -
- Metropolis Chicago
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Wingz Around World Inc
- Accommodation and Food Services
-
99,999 SF
-
$9.99
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Alice's BBQ | Accommodation and Food Services | 99,999 SF | $9.99 | - | - | |
| Dezigner Stylez | Services | 99,999 SF | $9.99 | - | - | |
| Fatou African Braiding | Services | 99,999 SF | $9.99 | - | - | |
| Kayco Salon | Services | 99,999 SF | $9.99 | - | - | |
| Metropolis Chicago | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Wingz Around World Inc | Accommodation and Food Services | 99,999 SF | $9.99 | - | - |
Walk Score®
Very Walkable (75)
Transit Score®
Excellent Transit (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-03-301-013-0000 | Total Assessment | $132,589 |
| Land Assessment | $54,942 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $77,647 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
20-03-301-013-0000
Land Assessment
$54,942
Improvements Assessment
$77,647
Total Assessment
$132,589
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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63 E 43rd St
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