Active · For Sale · Mixed Use

1953 W Roscoe Street, Chicago, IL 60657

MLS opportunity selected in connection with 1028 Argyle St, Chicago, IL 60640

MLS #12522923

1953 W Roscoe Street, Chicago, IL 60657
1953 W Roscoe Street, Chicago, IL 60657CRER
1953 W Roscoe Street, Chicago, IL 60657

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1953 W Roscoe Street, Chicago, IL 60657

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The property

Executive summary

WOW!....ROSCOE VILLAGE (4) STAR LOCATION ON THE ROSCOE STREET STRIP! A RENOVATED (6) UNIT VINTAGE BRICK CONSTRUCTED (3) STORY MIXED-USE BUILDING WITH (1) COMMERCIAL RETAIL STOREFRONT WITH (5) RESIDENTIAL RENTAL UNITS. (5-6) PARKING SPACES & A SIDE YARD! ALL RENTALS ARE (2BR-1BATH) UNITS WITH SEPARATE HEAT & HOT/W TANKS. IN ADDITION TO A FULLY OCCUPIED BLDG. THERE IS ADDITIONAL INCOME FROM THE WEST EXPOSURE BILLBOARD/SIGNAGE. SOON A PROPOSED & PENDING CELL TOWER LEASE ADDING $2,000 PER MONTH! A FULL UNFINISHED BASEMENT HAS POTENTIAL FOR OTHER USES. ALL THIS ON A SITE OF (37.5) FOOT WIDE LOT THAT COULD BE USED FOR ADDITIONAL PARKING AND/OR A SIDE YARD WITH COMMERCIAL POTENTIAL CAFE/DINING! COIN LAUNDRY IN BASEMENT ADDS ADDITIONAL INCOME. (GRM) IS EST. PROFORMA AT FULL MARKET RENTS DUE TO LONG TERM TENANTS & FAMILY.

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Property Intelligence

Financial Snapshot

Reported Annual Income
$165,000
Reported Annual Expenses
$45,000
Estimated NOI
$120,000
Estimated Cap Rate
6.86%
Estimated GRM
10.60
Annual Taxes
$25,686 (2024)

Property Details

Units
6
Building Size
6,336 SF
Lot Size
4,687 SF
Lot Dimensions
37.5 X 125
Stories
3
Year Built
1893
Building Age
Older
Construction
Brick
Roof
Flat, Membrane
Zoning
COMMR
Parcel Number
14194180020000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Window Unit(s)
Electric
Separate Meters, Service - 101 to 200 Amps

Location & Use

County
Cook
Market Area
Chicago - North Center
Township
Lake View
Present Use
Commercial
Potential Use
Commercial
Location
Mixed Use Area
Frontage
City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.