For more information contact: MJ Weinberger
Office: 773-736-3600 Cell: 847-334-2587 MJ@straussrealty.com

6415-6433 Ravenswood Ave.

Chicago, IL 60626

Status: For Sale

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.

  • 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

  • Sale Price: $3,449,000
  • Property Tax: $74,696
  • Gross Income: $428,760
  • Total Annual Expenses: $149,697
  • Annual Net Op. Income: $279,063
  • 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 $16,410.33
Insurance $6,017.25
Elevator $1,894.25
Scavenger $2,700.00
Repairs & Maintenance $18,500.00
Parking $7,200.00
Management Fees $12,000.00
Janitorial $6,000.00
Taxes $78,975.19
Total Annual Expenses $149,697.06