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3800 W Division St 1,600 SF Specialty Building Offered at $884,201 CAD at a 6.45% Cap Rate in Chicago, IL 60651
Investment Highlights
- Busy 3 Bay Auto Shop
- Car Dealership Zoning Approved
- Great for a mechanic owner occupant or Investor with 5 year lease
Executive Summary
5-year lease with 3% annual increases is in place. 3-Bay Mechanic Shop and lot. Alderman once approved for car dealer.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$73,457
|
$45.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,457
|
$45.91
|
| Taxes |
$16,450
|
$10.28
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,450
|
$10.28
|
| Net Operating Income |
$57,007
|
$35.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $73,457 |
| Annual Per SF | $45.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $73,457 |
| Annual Per SF | $45.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,450 |
| Annual Per SF | $10.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,450 |
| Annual Per SF | $10.28 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,007 |
| Annual Per SF | $35.63 |
Property Facts
| Price | $884,201 CAD | Building Class | C |
| Price Per SF | $552.63 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment or Owner User | Building Size | 1,600 SF |
| Cap Rate | 6.45% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1930 |
| Property Subtype | Auto Salvage Facility | Parking Ratio | 9.38/1,000 SF |
| Zoning | B3-1 - Commercial auto repair, car dealership | ||
| Price | $884,201 CAD |
| Price Per SF | $552.63 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.45% |
| Property Type | Specialty |
| Property Subtype | Auto Salvage Facility |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,600 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 9.38/1,000 SF |
| Zoning | B3-1 - Commercial auto repair, car dealership |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 16-02-128-040-0000 | Total Assessment | $14,530 CAD |
| Land Assessment | $14,165 CAD | Annual Taxes | $16,450 CAD ($10.28 CAD/SF) |
| Improvements Assessment | $365 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-02-128-040-0000
Land Assessment
$14,165 CAD
Improvements Assessment
$365 CAD
Total Assessment
$14,530 CAD
Annual Taxes
$16,450 CAD ($10.28 CAD/SF)
Tax Year
2025
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3800 W Division St
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