1659 West Chicago Avenue, Chicago, IL 60622CRER

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1659 West Chicago Ave, Chicago, IL 60622
The property
Executive summary
This prime 1,720 SF commercial asset in the heart of West Town offers a turnkey investment opportunity with a strong 7.5% cap rate. Zoned B1-2, the property is secured by a stable 4-year lease running from April 2026 through March 2030, generating an annual NOI of $44,160 with built-in 3% annual escalations to hedge against inflation. Priced competitively at $589,000 with 2024 taxes at $12,944, this is a rare chance to acquire a cash-flowing, low-maintenance property in one of Chicago’s most resilient retail corridors.
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