Listed by @properties, @properties Commercial
$1,095,000
620 W Roosevelt Road
Details
APN 17163310310000
Property Type Retail
Sub Type Storefront, Neighborhood Storefront
Units 2
Cap Rate 7.52%
NOI $82,337
Year Built 1958
Lot Size (SqFt) 5,625
Zoning OTHER
Retail | 7.52% CAP
Marketing description
Stabilized, income-producing two-tenant retail investment located in the highly sought-after South Loop / Central Business District of Chicago. This 5,293 SF property is fully leased through August 2028, offering immediate, reliable cash flow with a strong 7.52 cap rate. The asset features two established, long-tenured tenants, providing consistent and durable income. Tenant tax stops at 2022 / 2023 base years pass through all Cook County property tax increases, structurally capping landlord exposure at approximately $29,520 annually through the lease term-creating a highly predictable, low-risk investment profile. Strategically positioned along the high-traffic Roosevelt Road corridor, the property benefits from strong visibility, dense population, and proximity to major employment and transit hubs within the South Loop. In addition to stable in-place income, the property offers long-term upside with DS-3 zoning on a 7,053 SF lot, allowing for a hold-and-build strategy and future redevelopment potential. Ideal for investors seeking passive income, expense protection, and long-term growth in one of Chicago's most dynamic urban submarkets.
Listing Contacts
Listed by @properties, @properties Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,337.00
$6,861.42/mo
Valuation Metrics
0
DSCR
7.52%
Cap Rate
7.52%
ROI
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