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3800 W Division St 1,600 SF Specialty Building Offered at $888,615 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 |
$73,823
|
$46.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,823
|
$46.14
|
| Taxes |
$16,532
|
$10.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,532
|
$10.33
|
| Net Operating Income |
$57,291
|
$35.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $73,823 |
| Annual Per SF | $46.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $73,823 |
| Annual Per SF | $46.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,532 |
| Annual Per SF | $10.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,532 |
| Annual Per SF | $10.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,291 |
| Annual Per SF | $35.81 |
Property Facts
| Price | $888,615 CAD | Building Class | C |
| Price Per SF | $555.38 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | 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 | $888,615 CAD |
| Price Per SF | $555.38 CAD |
| Sale Type | Investment |
| 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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Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 16-02-128-040-0000 | Total Assessment | $14,817 CAD |
| Land Assessment | $14,444 CAD | Annual Taxes | $16,532 CAD ($10.33 CAD/SF) |
| Improvements Assessment | $372 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-02-128-040-0000
Land Assessment
$14,444 CAD
Improvements Assessment
$372 CAD
Total Assessment
$14,817 CAD
Annual Taxes
$16,532 CAD ($10.33 CAD/SF)
Tax Year
2025
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3800 W Division St
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