5801 Northwest Hwy - Office FOR SALE


Chicago, IL 60631- Norwood Park
$1,799,000 USD
312-415-9586
5801 Northwest Hwy, Chicago, IL for Sale
$1,799,000 USD
Office - FOR SALE
1/24
null | 6.09% Cap Rate

5801 Northwest Hwy
Chicago, IL 60631
Norwood Park


HIGHLIGHTS

  • 1991 Construction
  • Owner User or Investor Opportunity
  • Pitched Roof Replaced in 2014
  • Tenant Paid Utilties
  • Copper Electric & Plumbing Throughout
  • Successful Day Care Tenant Since 2007

OVERVIEW

33 Realty's pleased to present for sale 5801 N. Northwest Highway in Chicago, IL 60631. Completed in 1991, this 9,250 Net Rentable Square Feet mixed use building contains co-working type office space (former real estate office) , a successful day care operation on the first floor and 5 one bedroom/one bathroom apartments on the second floor with 6th apartment in the lower level. The site includes a large 8,250 SF parcel with a spacious rear yard and rear parking for 5 vehicles. The property has central HVAC which includes 10 gas forced air furnaces, 6 hot water tanks, and 10 condensers. The property generats multiple income streams via the month to month rental of individual desks to tenants, in addition to the first floor day care center and the apartments. 5801 N. Northwest Highway presents a tremendous opportunity to add value by bringing rents to market value for either a pure investor or as an owner user for the first floor commercial space.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

6.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C1-1

APN/PARCEL ID

13-06-409-033-0000,13-06-409-034-0000

ASK ABOUT THIS PROPERTY

John Meyer33 RealtyMore Info
312-415-9586

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John Meyer33 RealtyMore Info
312-415-9586

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