7435 S Union Ave
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7435 S Union Ave
13,130 SF 100% Leased Industrial Building Chicago, IL 60621 £1,009,361 (£77/SF) 9.02% Net Initial Yield
Investment Highlights
- Coal trestle
- Minutes from Dan Ryan Expressway
- 9 buildings on property leased by tenants
Executive Summary
13,130 square foot RBA industrial property with a total of 9 buildings including a 2 flat, office and 2 apartments, 2 car garage and an apartment, 5 warehouses with one warehouse including an apartment, 2 car garage with yard space, 2 car garage and in addition 16 storage spaces including 10 containers and 6 storage bins. Gross rental income exceeds $145,000 annually. Property has a coal trestle that can be disassembled and moved to a new location or sold to another user. Updated lighting includes energy efficient LED. Truck scale conveys with the property. Radiant heat flooring in rear building. All leases are MTM which allows the flexibility for the new owner to suit his business needs. Great opportunity that doesn't come along very often.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£113,612
|
£8.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£113,612
|
£8.65
|
| Taxes |
£3,765
|
£0.29
|
| Operating Expenses |
£18,846
|
£1.44
|
| Total Expenses |
£22,611
|
£1.72
|
| Net Operating Income |
£91,001
|
£6.93
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £113,612 |
| Annual Per SF | £8.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £113,612 |
| Annual Per SF | £8.65 |
| Taxes | |
|---|---|
| Annual | £3,765 |
| Annual Per SF | £0.29 |
| Operating Expenses | |
|---|---|
| Annual | £18,846 |
| Annual Per SF | £1.44 |
| Total Expenses | |
|---|---|
| Annual | £22,611 |
| Annual Per SF | £1.72 |
| Net Operating Income | |
|---|---|
| Annual | £91,001 |
| Annual Per SF | £6.93 |
Property Facts
| Price | £1,009,361 | Rentable Building Area | 13,130 SF |
| Price Per SF | £77 | Number of Floors | 2 |
| Sale Type | Investment or Owner User | Year Built | 1980 |
| Net Initial Yield | 9.02% | Parking Ratio | 1.52/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12 ft |
| Property Subtype | Warehouse | Level Access Doors | 4 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.71 AC |
| Price | £1,009,361 |
| Price Per SF | £77 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 9.02% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.71 AC |
| Rentable Building Area | 13,130 SF |
| Number of Floors | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.52/1,000 SF |
| Clear Ceiling Height | 12 ft |
| Level Access Doors | 4 |
| Opportunity Zone |
Yes |
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | £21,204 (2024) | |
| Land Assessment | £7,480 (2024) | Annual Taxes | £3,765 (£0.29/sf) |
| Improvements Assessment | £13,724 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£7,480 (2024)
Improvements Assessment
£13,724 (2024)
Total Assessment
£21,204 (2024)
Annual Taxes
£3,765 (£0.29/sf)
Tax Year
2023
zoning
| Zoning Code | M1-2 (light manufacturing, warehouse, wholesalers) |
| M1-2 (light manufacturing, warehouse, wholesalers) |
-
Michael Galvan -
Baird & Warner, Inc.
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7435 S Union Ave
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