1659 West Chicago Avenue
$589,000
1659 West Chicago Avenue, Chicago, IL 60622
For Sale
Retail
Condo
Active
Last Updated: 05/13/2026
7.5
Cap Rate
44,160
NOI
Details:
Cap Rate: 7.5%
NOI: $44,160
Building Size: 24,000 sqft
Occupancy: 100%
Class: B
Lease Type: Triple Net
Year Built: 1984
Zoning: B1-2
Tenancy: Single
Lease Expire Year: 03/30/30
Highlights:
- Solid 7.5% Cap Rate
- Excellent corner at signalized intersection
- 50' of frontage on Chicago Ave
- Strong Retail Corridor
Description:
1,730 SF corner storefront at signalized intersection on high-traffic Chicago Avenue retail corridor.
• B1-2 zoning with flexible use potential
• Two ADA-compliant restrooms
• Strong visibility with excellent signage/branding opportunity
• No HOA or assessments
• Ideal for investment/1031 Exchange
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Location
