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North Ave Shops 4737-4747 W North Ave 6,900 SF 100% Leased Retail Building Chicago, IL 60639 $930,230 CAD ($134.82 CAD/SF) 9.62% Cap Rate



Investment Highlights
- Prime Location
- Strong Traffic Counts
- Transit Oriented Location
- Exceptional Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Mixed-Use Investment Property located at 4737-4747 W North Avenue in the West Humboldt Park neighborhood of Chicago, Illinois (the “Property”). The Property consists of three buildings and is improved by a single-story commercial building with five (5) inline retail units fronting W North Avenue, a two-story residential building with two (2) residential units, and a detached garage with four (4) bays. The Property contains a total of 7,750 square feet of rentable space on 0.34 acres of land. The commercial units are 100% leased to a desirable mix of neighborhood service tenants. The Property benefits from excellent visibility and frontage along West North Avenue in West Humboldt Park. Located approximately 300 feet from the intersection with Cicero Avenue, the site offers strong accessibility within a well- traveled commercial corridor. Public transportation options further enhance the Property’s accessibility, with municipal bus routes operating along both West North Avenue and Cicero Avenue. The site is also located approximately 0.4 miles from the Grand/Cicero Metra Station and just over one mile from the Cicero Station, providing convenient commuter access throughout the city. Additionally, the Property is surrounded by national retailers, restaurants, and neighborhood- serving businesses that generate consistent daily traffic while offering amenities to area residents and visitors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,900 SF
Building Class
C
Year Built/Renovated
1923/1950
Price
$930,230 CAD
Price Per SF
$134.82 CAD
Cap Rate
9.62%
NOI
$89,528 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.34 AC
Zoning
C1-1 - Commercial C1-1
virtually no restrictions
Frontage
120’ on W North Ave
Amenities
- Fenced Lot
- Signalized Intersection
- Tenant Controlled HVAC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bibi African Braiding
- Professional, Scientific, and Technical Services
- -
- $2.12 CAD
- Modified Gross
- -
- Catherine Pavlatos
- -
- -
- -
- -
- -
- Divassy
- Retailer
- -
- $25.46 CAD
- Modified Gross
- Oct 2021
- Glynis Donaldson (residential)
- -
- -
- -
- -
- -
- Lee Nails
- Services
- -
- -
- -
- -
- Pleasure In Pain
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bibi African Braiding | Professional, Scientific, and Technical Services | - | $2.12 CAD | Modified Gross | - | |
| Catherine Pavlatos | - | - | - | - | - | |
| Divassy | Retailer | - | $25.46 CAD | Modified Gross | Oct 2021 | |
| Glynis Donaldson (residential) | - | - | - | - | - | |
| Lee Nails | Services | - | - | - | - | |
| Pleasure In Pain | Services | - | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-03-100-003-0000 | Improvements Assessment | $187,410 CAD |
| Land Assessment | $41,625 CAD | Total Assessment | $229,035 CAD |
Property Taxes
Parcel Number
16-03-100-003-0000
Land Assessment
$41,625 CAD
Improvements Assessment
$187,410 CAD
Total Assessment
$229,035 CAD
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North Ave Shops | 4737-4747 W North Ave
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