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7259 W Irving Park Rd 3,000 SF Industrial Building Chicago, IL 60634 $691,112 CAD ($230.37 CAD/SF) 9.60% Cap Rate
EXECUTIVE SUMMARY
Business is NOT included in the offering. Current tenant has a lease through December 31, 2030 with a FIVE year option. Strictly property investment only unless purchaser can negotiate with the tenant to end lease. Seller will NOT entertain any offers subject to possession nor negotiating with tenant. PLEASE DO NOT DISTURB TENANT AT ALL. Any personal/business property is not included with the sale. Current rent is $5600 with gradual increases to $5800 in 2030. and increases during option period. Currently $67,200 gross rent less taxes and insurance approximately $48,000. net income or 9.6% return cash on cash. Owner claims tenant is solid and has not been delinquent on rent payments. Future development right across the street from Harlem/Iring shopping plaza. Again - PLEASE DO NOT DISTURB TENANT. Drive by showing only at this time. Survey in additional info. Any questions regarding this listing please contact Norbert Mika - Text or email preferred.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$92,904
|
$30.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,904
|
$30.97
|
| Taxes |
$22,591
|
$7.53
|
| Operating Expenses |
$3,940
|
$1.31
|
| Total Expenses |
$26,532
|
$8.84
|
| Net Operating Income |
$66,372
|
$22.12
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $92,904 |
| Annual Per SF | $30.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,904 |
| Annual Per SF | $30.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,591 |
| Annual Per SF | $7.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,940 |
| Annual Per SF | $1.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,532 |
| Annual Per SF | $8.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $66,372 |
| Annual Per SF | $22.12 |
PROPERTY FACTS
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 12-24-207-001-0000 | Total Assessment | $125,723 CAD |
| Land Assessment | $90,105 CAD | Annual Taxes | $22,591 CAD ($7.53 CAD/SF) |
| Improvements Assessment | $35,618 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
12-24-207-001-0000
Land Assessment
$90,105 CAD
Improvements Assessment
$35,618 CAD
Total Assessment
$125,723 CAD
Annual Taxes
$22,591 CAD ($7.53 CAD/SF)
Tax Year
2024
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7259 W Irving Park Rd
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