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10420-10424 S Ewing Ave
Chicago, IL 60617
Retail Property For Sale
EXECUTIVE SUMMARY
Exceptional opportunity to own a solid 2-unit side-by-side commercial building in Chicago's growing East Side neighborhood! 1 unit is currently leased to a long-term, stable tenant, the United States Postal Service, providing consistent income and reliability. The 2nd unit is vacant and ready for a new owner-user or tenant, making this property a great fit for investors or business operators looking to occupy their own space. The vacant unit offers flexible layout options suitable for a variety of business uses and includes the rare bonus of a private garage parking space. With B3-1 zoning, this property allows for a wide range of retail, office, or service-based uses. There is an abundance of free street parking in front as well. Located just a few blocks from the upcoming PsiQuantum development, which is expected to bring major investment, innovation, and new job opportunities to the area, this property is perfectly positioned to benefit from the anticipated economic growth and increased local demand. Situated on a high-visibility corridor with steady traffic and close proximity to neighborhood amenities, public transit, and the Indiana border, this property combines stable tenancy with strong future potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,320 SF
Building Class
C
Year Built
1948
Price
$448,152 CAD
Price Per SF
$103.74 CAD
Cap Rate
13.75%
NOI
$61,621 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.14 AC
Zoning
B3-1 - This property is zoned B3-1, classed as a Community Shopping District under Chicago’s zoning ordinance. The B3-1 designation allows moderate-intensity
Parking
2 Spaces (0.46 Spaces per 1,000 SF Leased)
Frontage
50’ on S Ewing Avenue
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $119,663 CAD | |
| Land Assessment | $21,097 CAD | Total Assessment | $140,760 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,097 CAD
Improvements Assessment
$119,663 CAD
Total Assessment
$140,760 CAD
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