3962-3966 W Grand Ave
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3962-3966 W Grand Ave
7,446 SF 100% Leased Retail Building Chicago, IL 60651 $1,913,584 CAD ($257 CAD/SF) 8.23% Cap Rate
Executive Summary
33 Realty is pleased to announce the opportunity to acquire 3962 W Grand Ave a renovated 8 unit mixed
use building in Chicago’s West Humboldt Park neighborhood. The property is located just west of the
park on the busy corner of Grand and Pulaski. The recent additions of the new Amazon distribution
center and the public safety training center have really improved this neighborhood. This is a great
opportunity to acquire a renovated investment property with upside.
The property has a unit mix of three (3) two-bedroom, one-bathroom; two (2) one-bedroom, one
bathroom units; and three (3) retail spaces. The retail spaces is currently occupied by a nail salon, Verizon
store, and an accounting/tax business. The property presents an investor a unique opportunity to
acquire a cash flowing asset with upside.
use building in Chicago’s West Humboldt Park neighborhood. The property is located just west of the
park on the busy corner of Grand and Pulaski. The recent additions of the new Amazon distribution
center and the public safety training center have really improved this neighborhood. This is a great
opportunity to acquire a renovated investment property with upside.
The property has a unit mix of three (3) two-bedroom, one-bathroom; two (2) one-bedroom, one
bathroom units; and three (3) retail spaces. The retail spaces is currently occupied by a nail salon, Verizon
store, and an accounting/tax business. The property presents an investor a unique opportunity to
acquire a cash flowing asset with upside.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$207,943
|
$27.93
|
| Other Income |
$2,551
|
$0.34
|
| Vacancy Loss |
$10,397
|
$1.40
|
| Effective Gross Income |
$200,097
|
$26.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$42,703
|
$5.73
|
| Net Operating Income |
$157,394
|
$21.14
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $207,943 |
| Annual Per SF | $27.93 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,551 |
| Annual Per SF | $0.34 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,397 |
| Annual Per SF | $1.40 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $200,097 |
| Annual Per SF | $26.87 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,703 |
| Annual Per SF | $5.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $157,394 |
| Annual Per SF | $21.14 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,446 SF
Building Class
C
Year Built/Renovated
1911/2018
Price
$1,913,584 CAD
Price Per SF
$257 CAD
Cap Rate
8.23%
NOI
$157,394 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.55
Lot Size
0.11 AC
Zoning
C1-1
Frontage
Amenities
- Signalized Intersection
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16-02-108-040-0000 | Improvements Assessment | $29,784 CAD |
| Land Assessment | $6,731 CAD | Total Assessment | $36,515 CAD |
PROPERTY TAXES
Parcel Number
16-02-108-040-0000
Land Assessment
$6,731 CAD
Improvements Assessment
$29,784 CAD
Total Assessment
$36,515 CAD
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3962-3966 W Grand Ave
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