Three Value-Add Mixed-Use Buildings on 26th Street
The Details
- Three mixed-use buildings
- 3614-16 W. 26th St. (15,840 SF)
- 2 storefronts, 10 apartments
- 3943-45 W. 26th St. (12,312 SF)
- 2 storefronts, 16 apartments
- 4235 W. 26th St. (8,124 SF)
- 1 retail storefront, 8 apartments
- Potential to add value
- Approximately $280,000 of NOI
- Est. Gross Income: $420,000
- Many long-term tenants in place
- Total Building Area: 36,276 SF
- Total Land Area: 14,997 SF
- Zoning: B3-2, B3-3 and B3-1
Three mixed-use buildings on 26th St. are available for sale as a portfolio. The properties have many long-term tenants in place with potential to add value.
3614-16 W. 26th St. is a 15,840 square foot building with two storefronts plus a mix of 1-bed and two 2-bed apartments. 3943-45 W. 26th St. is a 12,312 square foot building with two storefronts and 16 studio apartments. 4235 W. 26th St. is divided into six 2-bed apartments, two 3-bed units and a storefront space. Currently, the buildings generate approximately $280,000 of net operating income.
Little Village is a neighborhood on the southwest side of Chicago with a strong Hispanic and Mexican community. 26th Street is a major thoroughfare for the neighborhood with a significant number of shops, restaurants and businesses.