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4300-12 W North Ave

10,493 SF 100% Leased Retail Building Chicago, IL 60639 £1,726,980 (£165/SF) 7.25% Net Initial Yield

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Investment Highlights

Long Term City of Chicago Tenants

Executive Summary

Two tenant retail center; 100% leased to the City of Chicago. Tenants are the Chicago Public Library and the Dept. of Family Services. Library has been a tenant for 26 years. The Dept. of Family Services has been a tenant for over 7 years. Property is very-well maintained. Newer 6 HVAC Roof-top units on service contract. Newer gutters and downspouts. New library upgrades include: all new lighting fixtures, carpeting and painting. Library has a large kitchen area, and well used large meeting room. Family Services had $190,000+ build-out. Pride of ownership. Ideal candidate for 1031 exchange clients.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£179,995	£17.15
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£179,995	£17.15
Taxes	£41,348	£3.94
Operating Expenses	£13,384	£1.28
Total Expenses	£54,732	£5.22
Net Operating Income	£125,263	£11.94

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£179,995
Annual Per SF	£17.15

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£179,995
Annual Per SF	£17.15

Taxes
Annual	£41,348
Annual Per SF	£3.94

Operating Expenses
Annual	£13,384
Annual Per SF	£1.28

Total Expenses
Annual	£54,732
Annual Per SF	£5.22

Net Operating Income
Annual	£125,263
Annual Per SF	£11.94

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,493 SF

Building Class

Year Built

1995

Price

£1,726,980

Price Per SF

£165

Net Initial Yield

7.25%

NOI

£125,263

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.54

Land Acres

0.45 AC

Zoning

B3-1 - Strip center

Parking

17 Spaces (1.62 Spaces per 1,000 SF Leased)

Frontage

158 ft on North Ave

Amenities

Bus Route

Pylon Sign

Signage

1 of 1

aerial
map
traffic

4300-12 W North Ave, Chicago, IL - aerial map view

Walk Score ®

Very Walkable (85)

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PROPERTY TAXES

Parcel Numbers	Multiple 13-34-424-034-0000 13-34-424-035-0000	Total Assessment	£195,388
Land Assessment	£69,767	Annual Taxes	£41,348 (£3.94/sf)
Improvements Assessment	£125,621	Tax Year	2023