Shopping Strip For Sale on Chicago West Side

[Martin Neal]

Property Address: 5751 W. Division Chicago, IL 60651 

Listing Agent:

Tamika Neal, Broker

Century 21 Affiliated

Description: Shopping strip for sale in high-traffic area on Chicago West Side for $550,000. Strip contains 5 units (two churches, one restaurant, one convenience store) and one vacancy. Average monthly rental rate for occupied units are $1500/ month. Vacant unit average monthly rent is $2,500. Each unit has been recently updated, including individual gas meters, newer roof and paved parking. Net leases on all units, with owner responsible for water, taxes and insurance. Lease expiration dates range from 11/30/2018 – 4/30/22, with a 5% increase per year. 

Financial Info:

GPI = $103,620/ year

GOI= $68,439

OpEx = $28,745

NOI = $39,694

Cap Rate = 7.2%

PSF = $1.31

Contact Info:

Tamika Neal, Broker

Century 21 Affiliated- Lincolnwood

[email protected]

847-477-7782