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1745 N Cicero Ave

2,700 SF 43% Leased Retail Building Chicago, IL 60639 £300,037 (£111/SF) 7% Net Initial Yield

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Investment Highlights

2024 rehab
Mixed use keep taxes low
New Roof

Zoning is good for commercial and auto uses
Residential tenant in place

Executive Summary

Nice new rehab on a 3,100 SF two-story building plus full basement. First floor is set up for commercial use and second floor is an apartment. Great zoning C2-1 retail shopping centers. Allows more business types than B1 districts, including liquor stores, warehouses, and auto shops. Front glass and final touches to be done this week.

1745 N Cicero Ave, Chicago OM

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£28,239	£10.46
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£28,239	£10.46
Taxes	£2,367	£0.88
Operating Expenses	£1,569	£0.58
Total Expenses	£3,935	£1.46
Net Operating Income	£24,303	£9.00

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£28,239
Annual Per SF	£10.46

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£28,239
Annual Per SF	£10.46

Taxes
Annual	£2,367
Annual Per SF	£0.88

Operating Expenses
Annual	£1,569
Annual Per SF	£0.58

Total Expenses
Annual	£3,935
Annual Per SF	£1.46

Net Operating Income
Annual	£24,303
Annual Per SF	£9.00

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,700 SF

Building Class

Year Built

1926

Price

£300,037

Price Per SF

£111

Net Initial Yield

NOI

£21,003

Percent Leased

43%

Tenancy

Multiple

Number of Floors

Building FAR

0.92

Land Acres

0.07 AC

Zoning

C2-1 - Mixed use Residential and commercial. General Retail and Service Uses, Limited Manufacturing and Production, and Motor Vehicle-Oriented Uses

Frontage

255 ft on N Cicero

Amenities

24 Hour Access

Fenced Lot

Air Conditioning

1 of 1

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Walk Score ®

Very Walkable (73)

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PROPERTY TAXES

Parcel Number	13-34-312-015-0000	Total Assessment	£27,238
Land Assessment	£5,736	Annual Taxes	£2,367 (£0.88/sf)
Improvements Assessment	£21,501	Tax Year	2024