4300-12 W North Ave - Freestanding FOR SALE


Chicago, IL 60639- Hermosa
$2,100,000 USD
708-919-2251
4300-12 W North Ave, Chicago, IL for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/20
null | 7.84% Cap Rate

4300-12 W North Ave
Chicago, IL 60639
Hermosa


HIGHLIGHTS

  • Anchored by long-term government tenants: the Chicago Public Library (29 years) and the Department of Family and Support Services.
  • Property features newer HVAC rooftop units under service contract, along with updated gutters and downspouts.
  • The library space includes a large kitchen area and a well-utilized meeting room, supporting strong community engagement and tenant satisfaction.
  • Recent upgrades to the library include new lighting fixtures, carpeting, and fresh paint, contributing to a refreshed and inviting environment.

OVERVIEW

4300-12 W North Avenue in Chicago is a fully leased, two-tenant property situated along a high-traffic commercial corridor in the West Humboldt Park neighborhood. Offered at a 7.84% cap rate, the property delivers a stable income stream backed by government tenancy, with both tenants being divisions of the City of Chicago. The Chicago Public Library, a tenant for 29 years, occupies one portion of the space and has recently undergone a series of upgrades including all new lighting fixtures, fresh carpeting, and new paint. The library also features a spacious, well-equipped kitchen area and a large meeting room that is actively used by the community, reinforcing the site's role as a local civic hub. The second tenant, the Department of Family and Support Services, has occupied the remaining space for 9 years, reflecting continued demand and institutional stability. The property has been meticulously maintained, with six recently installed rooftop HVAC units all under a current service contract. Additional improvements include updated gutters and downspouts, enhancing overall building durability. The site benefits from excellent visibility and accessibility, located on a major thoroughfare with strong pedestrian and vehicular traffic, and is conveniently positioned near public transit and neighborhood amenities. This investment offers long-term, reliable cash flow secured by established municipal tenants in a well-located urban setting.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

7.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

B3-1

APN/PARCEL ID

13-34-424-035-0000

ASK ABOUT THIS PROPERTY

Gerald LipkinL. F. L. Properties, IncMore Info
708-919-2251

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Gerald LipkinL. F. L. Properties, IncMore Info
708-919-2251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.