Chicago, IL 60607 620 W Roosevelt Road
$1,095,000
Presented By: @properties Christie's International Real Estate
Home Details
Stabilized, income-producing two-tenant retail investment located in the highly sought-after South Loop / Central Business District of Chicago. This 5,293 SF property is fully leased through August 2028, offering immediate, reliable cash flow with a strong 7.52 cap rate. The asset features two established, long-tenured tenants, providing consistent and durable income. Tenant tax stops at 2022 / 2023 base years pass through all Cook County property tax increases, structurally capping landlord exposure at approximately $29,520 annually through the lease term-creating a highly predictable, low-risk investment profile. Strategically positioned along the high-traffic Roosevelt Road corridor, the property benefits from strong visibility, dense population, and proximity to major employment and transit hubs within the South Loop. In addition to stable in-place income, the property offers long-term upside with DS-3 zoning on a 7,053 SF lot, allowing for a hold-and-build strategy and future redevelopment potential. Ideal for investors seeking passive income, expense protection, and long-term growth in one of Chicago's most dynamic urban submarkets.
Presented By: @properties Christie's International Real Estate
General for 620 W Roosevelt Road
Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
Cap Rate7.52
CityChicago
CoolingCentral Air
CountyCook
DirectionsEast or West on Roosevelt to 620
ElectricCircuit Breakers
Gross Income120981
Leasable Area5293
Lot Size Square Feet5625
MLS AreaCHI - Near West Side
Net Operating Income82337
Number Of Units Total2
Operating Expense38644
Property SubtypeNeighborhood Storefront
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount33200
Tax Year2024
Year Built1958
ZoningOTHER
Exterior for 620 W Roosevelt Road
Building Area Total5293
Lot Dimensions125 X 45
Additional Details
Price History

SQFT • 5,293