1861 95Th StChicago, IL 60643

For Sale
$435,000

Chicago multifamily retail building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Chicago's vibrant Beverly neighborhood presents a compelling value-add investment opportunity. Located at 1861 W 95th St, this two-story building boasts 4,500 square feet on a 4,050 square foot lot, zoned B1-1. The property features a stunning, recently redesigned 3,200 square foot retail space on the ground floor, ideal for a variety of businesses. Upstairs, two apartments provide additional rental income, currently boasting 100% occupancy. The building generates a strong net operating income (NOI) of $50,523, resulting in an attractive 11.61% capitalization rate. The asking price is $435,000, translating to $96.67 per square foot and $145,000 per unit. A private courtyard adds to the property's appeal. This prime location on the 95th Street business corridor offers significant potential for long-term growth and rental income. The property's strong financials, updated retail space, and long-term residential tenants make it an ideal investment for savvy buyers seeking a high-return opportunity in a thriving Chicago neighborhood. The property is a single building with three units.

Highlights

  • High-Yield Investment: 11.61% Pro Forma Cap Rate
  • Stable Income Stream: Long-Term Residential Tenants in Place
  • Modern Retail Space: Updated and Ready for Occupancy
  • Excellent Location: Prime Spot in a Booming Neighborhood
  • Versatile Retail Space: Multiple Potential Uses

Property Details for 1861 95Th St

Property type
Other retail properties, Individual retail properties
Square Feet
4,500 SF
Buildings
1
Stories
2
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.72085
Longitude
-87.669846
1861 95Th St, Chicago, Illinois

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1861 95Th St
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