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616-620 Roosevelt 5,293 SF 100% Leased Retail Building Chicago, IL 60607 $1,487,853 CAD ($281.10 CAD/SF) 7.52% Cap Rate
Investment Highlights
- 100% Leased Through Aug 2028 - Tax Stops Cap LL Property Tax at ~$29,520/yr
- DS-3 Zoning · 24,686 SF TOD Buildout Potential
- 7.52% Stabilized Cap · +108 bps Over CBRE Q1 2025 Avg
Executive Summary
See Attached Offering Memorandum (OM).
620 W Roosevelt Rd, Chicago 60607 · PIN 17-16-331-031-0000
7.52% stabilized cap on $82,337 NOI · two-tenant retail in Chicago's
South Loop / Central Business District with tax stops on both leases.
Franks Tailors and Beauty One pass 100% of any Cook County tax-bill
increase above the 2022/2023 base years to tenants — landlord property
tax exposure is structurally capped at ~$29,520/yr through the Aug 31,
2028 lease term. 5,264 SF GLA on a 7,053 SF DS-3 lot, two blocks from
Roosevelt Collection (Home Depot · Best Buy · Jewel-Osco · Nordstrom
Rack · LA Fitness · Bob's Discount · Vitamin Shoppe · AMC) and 0.3
miles from CTA Red/Green/Orange/Blue at Roosevelt. Walk Score 92 ·
Transit Score 86. Best corridor comp 632 W Roosevelt sold Jan 2026
at $272.73/SF — subject priced at $208.02/SF, a 24% per-SF discount.
List $1,095,000 · NOI $82,337 · Cap 7.52% · $208.02/SF · 5,264 SF /
7,053 SF lot · DS-3 zoning · Aug 2028 stabilized term.
620 W Roosevelt Rd, Chicago 60607 · PIN 17-16-331-031-0000
7.52% stabilized cap on $82,337 NOI · two-tenant retail in Chicago's
South Loop / Central Business District with tax stops on both leases.
Franks Tailors and Beauty One pass 100% of any Cook County tax-bill
increase above the 2022/2023 base years to tenants — landlord property
tax exposure is structurally capped at ~$29,520/yr through the Aug 31,
2028 lease term. 5,264 SF GLA on a 7,053 SF DS-3 lot, two blocks from
Roosevelt Collection (Home Depot · Best Buy · Jewel-Osco · Nordstrom
Rack · LA Fitness · Bob's Discount · Vitamin Shoppe · AMC) and 0.3
miles from CTA Red/Green/Orange/Blue at Roosevelt. Walk Score 92 ·
Transit Score 86. Best corridor comp 632 W Roosevelt sold Jan 2026
at $272.73/SF — subject priced at $208.02/SF, a 24% per-SF discount.
List $1,095,000 · NOI $82,337 · Cap 7.52% · $208.02/SF · 5,264 SF /
7,053 SF lot · DS-3 zoning · Aug 2028 stabilized term.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Sale Conditions
Property Type
Building Size
5,293 SF
Year Built
1940
Price
$1,487,853 CAD
Price Per SF
$281.10 CAD
Cap Rate
7.52%
NOI
$111,877 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.16 AC
Zoning
DS-3 - Downtown Service District
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-16-331-031-0000 | Total Assessment | $224,537 CAD |
| Land Assessment | $95,834 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $128,703 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
17-16-331-031-0000
Land Assessment
$95,834 CAD
Improvements Assessment
$128,703 CAD
Total Assessment
$224,537 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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616-620 Roosevelt
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