See all 42 photos
42 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$849,000
Est. payment /mo
2,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,300 sqft
Price per Sqft $369
MLS Listing ID 12744887
Year Built 1967
Annual Tax Amount $10,182
Tax Year 2025
Lot Dimensions 50 X 120
Property Sub-Type Mixed Use
Property Description
Rare turnkey mixed-use opportunity with an adjacent paved and gated lot in Chicago's Norwood Park neighborhood. The approximately 1,375-square-foot commercial space features two private offices, a conference room, reception area, bright front lobby/showroom and two washrooms. An attached approximately 1,000-square-foot warehouse/garage includes an industrial-grade epoxy floor and a 10-foot-high by 14-foot-wide overhead door-ideal for storage, service operations, light industrial use or fleet parking. The second floor offers a spacious, well-maintained approximately 1,700-square-foot apartment with two bedrooms and 1.5 baths, providing excellent rental potential or an ideal live-on-site option for an owner-operator. The sale also includes an approximately 3,000-square-foot paved and gated adjacent lot, offering additional parking, outdoor storage, expansion or future redevelopment potential. Delivered fully vacant for immediate occupancy or leasing, with separate entrances, B3-1 zoning and convenient access to I-90 and I-94. Pro forma projections reflect $76,200 in annual gross income and $54,018 in NOI, representing an estimated 6.36 cap rate at the current asking price. Tenants are responsible for gas and electricity. All income and expense figures are estimates; buyer to independently verify financial information, zoning and permitted uses.
Location
State IL
County Cook
Area Chi - Norwood Park
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
Roof Type Tar/Gravel
Building
Dwelling Type Mixed Use
Structure Type Brick
Read Less Info
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Maria DelBoccio of @properties Christie's International Real Estate
Nearby Locations
GET MORE INFORMATION