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Dental Medical Office Building 3425 W Peterson Ave 10,000 sq ft 100% Let Office Property Chicago, IL 60659 £939,380 (£93.94/sq ft) 7.76% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Well maintained office building!
- New utility systems
- Hot Peterson corridor
EXECUTIVE SUMMARY
WELL MAINTAINED 10,000 SQUARE FOOT, TWO STORY BUILDING FEATURING NINE OFFICES AND 10 PARKING SPACES IN THE REAR. THE PROPERTY IS EQUIPPED WITH ENTIRELY NEW UTILITY SYSTEMS AND INCLUDES FOUR BATHROOMS. ANNUAL EXPENSES AND RENT ROLL ARE IN THE ADDITIONAL INFORMATION. “We’re considering adding two additional stories to the building, creating a total of nine brand-new apartments. Each unit will feature two bedrooms and one bathroom, designed for comfort and efficient living. This vertical expansion aims to maximize space and value while maintaining architectural harmony with the existing structure.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£72,936
|
£7.29
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Net Operating Income | |
|---|---|
| Annual | £72,936 |
| Annual Per sq ft | £7.29 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Office
Property Size
10,000 sq ft
Costar Property Class
C
Year Built
1962
Price
£939,380
Price per sq ft
£93.94
Yield
7.76%
NOI
£72,936
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,000 sq ft
Floor To Floor Height
10 ft
Plot ratio
1.43
Total Plot Size
0.16 ac
Use Class
B4-1, Chicago
Parking
9 Spaces (0.9 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Signage
Walk Score®
Easily Walkable (79)
Bike Score®
Good for cycling (73)
PROPERTY TAXES
| Parcel Number | 13-02-403-001-0000 | Improvements Assessment | £40,924 |
| Land Assessment | £47,449 | Total Assessment | £88,373 |
PROPERTY TAXES
Parcel Number
13-02-403-001-0000
Land Assessment
£47,449
Improvements Assessment
£40,924
Total Assessment
£88,373
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Dental Medical Office Building | 3425 W Peterson Ave
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