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6001 N Nina Avenue Chicago, IL 60631

$825,000
New / MLS# 12681896 / Commercial - Retail / Chicago
0 Beds
10100 SqFt

This 6 unit retail strip center is located in the thriving Norwood Park neighborhood in Chicago, Illinois. The Property is currently operating at a strong occupancy with annual income consistently coming above $125,000 the past 3 years. There is a clear identifiable path to stabilization through a full lease-up, potential conversion to NNN leases, and mark-to-market rent growth. The investment profile is best characterized as a value-add retail opportunity, targeting investors seeking meaningful NOI growth & high-teen leveraged return potential with a few strategic moves. Based on current operations and forward-looking underwriting, the Property offers a compelling repositioning opportunity, though near-term execution risk and leasing assumptions remain critical to achieving projected returns. The property is located in walking distance from downtown Norwood Park and the respective blue line stop and minutes away from I-90 and O'hare Airport.

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Baird & Warner Saif Sheikh Agent Cell: 847.393.0004 Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.43 Acres
Stories: 1.0
Taxes: $41,083
Year Built: 1912

Feature Descriptions

Electric: Other
Fire Protection: Other
HVAC: Forced Air
Lot Dimensions: 0.43
Number of Tenant(s): 5
Parcel#: 13063060010000
Parking: 13-18 Spaces
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Repairs, Sewer, Other
Units: 6

Location

See details and scored characteristics about this location.

Listing Office: Ellsbury Group LLC

Listing Office Phone: 219-200-5133



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