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8657 S Commercial Ave 9,120 SF 100% Leased Retail Building Chicago, IL 60617 $750,000 ($82.24/SF)
INVESTMENT HIGHLIGHTS
- Great visibility
EXECUTIVE SUMMARY
Great Investment Property , 4 Apartments and 2 store fronts , Great income
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$53,400
|
$5.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$53,400
|
$5.86
|
| Taxes |
$4,879
|
$0.53
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,879
|
$0.53
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $53,400 |
| Annual Per SF | $5.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $53,400 |
| Annual Per SF | $5.86 |
| Taxes | |
|---|---|
| Annual | $4,879 |
| Annual Per SF | $0.53 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,879 |
| Annual Per SF | $0.53 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,120 SF
Building Class
B
Year Built/Renovated
1980/2005
Price
$750,000
Price Per SF
$82.24
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.31
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C2-2 - Allows more business types than B1 districts, including liquor stores, warehouses, and auto shops. Apartment allowed above the ground floor.
Frontage
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
ABOUT 8657 S COMMERCIAL AVE , CHICAGO, IL 60617
6 units
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- ABC Cellular
- -
- 1,000 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| ABC Cellular | - | 1,000 SF | - | - |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 21-31-426-015-0000 | Total Assessment | $29,400 (2024) |
| Land Assessment | $5,344 (2024) | Annual Taxes | $4,879 ($0.53/SF) |
| Improvements Assessment | $24,056 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
21-31-426-015-0000
Land Assessment
$5,344 (2024)
Improvements Assessment
$24,056 (2024)
Total Assessment
$29,400 (2024)
Annual Taxes
$4,879 ($0.53/SF)
Tax Year
2022
1 of 6
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8657 S Commercial Ave
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