Log In/Sign Up
Your email has been sent.
1956 W Armitage Ave 9,685 SF 100% Leased Retail Building Chicago, IL 60622 $5,513,136 CAD ($569.24 CAD/SF) 5.73% Cap Rate
Investment Highlights
- Value-Add Opportunities
- Heart of Booming Bucktown Neighborhood
- 100% Occupied
Executive Summary
Incredible investment opportunity located in the heart of Chicago’s Bucktown
neighborhood available for sale for the first time in generations. This well-maintained
building consists of four street level commercial units and four residential units upstairs.
The building is 100% occupied and has been for years. In addition to existing tenants, the
building has also entered into a long-term leasing arrangement with Verizon to install a cell
phone tower. License and permits are all approved – just waiting on install. Additional
revenue opportunities exist such as possible billboard installation where legacy board
previously existed. First showings will be with the commercial units. Residential units will
only be shown to interested parties on a second visit. Additional information requires
executed NDA. Proof of funds needed to schedule formal tour.
neighborhood available for sale for the first time in generations. This well-maintained
building consists of four street level commercial units and four residential units upstairs.
The building is 100% occupied and has been for years. In addition to existing tenants, the
building has also entered into a long-term leasing arrangement with Verizon to install a cell
phone tower. License and permits are all approved – just waiting on install. Additional
revenue opportunities exist such as possible billboard installation where legacy board
previously existed. First showings will be with the commercial units. Residential units will
only be shown to interested parties on a second visit. Additional information requires
executed NDA. Proof of funds needed to schedule formal tour.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,685 SF
Building Class
C
Year Built
1927
Price
$5,513,136 CAD
Price Per SF
$569.24 CAD
Cap Rate
5.73%
NOI
$315,828 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.59
Lot Size
0.14 AC
Zoning
B3-2 - Community Shopping Ctr:Shopping centers, large stores, and retail storefronts, often along major streets. Apartments permitted above the ground floor.
Frontage
Amenities
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Boca Loca
- -
-
99,999 SF
- -
- -
- Polonia Liquors
- -
-
99,999 SF
- -
- -
- Savannah
- -
-
99,999 SF
- -
- -
- Shawarma Inn
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Boca Loca | - | 99,999 SF | - | - | ||
| Polonia Liquors | - | 99,999 SF | - | - | ||
| Savannah | - | 99,999 SF | - | - | ||
| Shawarma Inn | - | 99,999 SF | - | - |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-31-213-035-0000 | Total Assessment | $248,368 CAD (2025) |
| Land Assessment | $83,113 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $165,256 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
14-31-213-035-0000
Land Assessment
$83,113 CAD (2025)
Improvements Assessment
$165,256 CAD (2025)
Total Assessment
$248,368 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1956 W Armitage Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.