6415-6433 Ravenswood Ave.
This is your chance to acquire a diverse portfolio of buildings with established tenants in a thriving location. Whether you’re looking to expand your investment portfolio or start a new venture, this offering provides a unique blend of versatility and income potential.
Amazing investment opportunity! Multi-building industrial/flex property for sale in Rogers Park. Includes a three-story, two-story and one-story building with parking lot. Flexible, multi-use spaces with industrial, office, and creative-use tenants. Great location next to the “Ravenswood Center” strip center. Easy access to major streets and only a mile away from Loyola University.
- Notable tenants include U-Haul, Evanstonia Antiques & Restoration, and Chicago Industrial Arts and Design Center (CIADC)
- This site is of historical significance; it was once home to the Chicago Radio Laboratory in the 1920s!
- Parking for 30+ cars
- 7 loading doors total, 2 drive-in doors
For detailed financials, additional information, or to schedule a tour, please contact MJ Weinberger at 847.334.2587 or mj@straussrealty.com
- Sale Price: $3,449,000
- Property Tax: $82,571
- Gross Income: $431,220
- Total Annual Expenses: $146,093
- Annual Net Op. Income: $285,126
- MLS: 11868942
- Building Type: Investment, Industrial, Mixed Use, Office, Other
- Number of Stories: 3
- Building Square Feet: 38,504
- Site Square Feet: 31,878
- Zoning: M1-2
Property Details
Located in Rogers Park neighborhood, just off the corner of Ravenswood & Devon Avenues.
- In 2022, Rogers Park was named a “Top 5 neighborhood to live in the USA”, by Money Magazine.
- Loyola University, with an annual enrollment of 17,000 students, is less than a mile away.
- Culturally diverse neighborhood – 34% of residents are foreign-born.
- Ranked “Very Walkable” by Walk Score.com
- According to City-Data.com, Rogers Park has a higher rate of residents with Masters, Professional, and Doctorate degrees than the state average. In addition, the rate of residents that work for non-profit institutions is almost twice as high as the state average.
PINs: 11-31-418-(001 Through 004)-0000
Expenses
Utilities – $14,322.05
Insurance – $6,017.25
Elevator – $1,894.25
City of Chicago Water – $2,088.28
Repairs & Maintenance – $10,000.00
Flood Brothers Refuse – $2,700.00
Management Fees – $12,000.00
City of Chicago Fees – $500.00
Capital Improvements – $8,000.00
Janitorial – $6,000.00