Shopping Strip For Sale on Chicago West Side
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
847-477-7782