4300-12 W North Ave Local commercial 975 m² 100 % Loué À vendre Chicago, IL 60639 1 817 130 € (1 864,05 €/m²) Taux de capitalisation 7,84 %

4300-12 W North Avenue in Chicago is a fully leased, two-tenant property situated along a high-traffic commercial corridor in the West Humboldt Park neighborhood. Offered at a 7.84% cap rate, the property delivers a stable income stream backed by government tenancy, with both tenants being divisions of the City of Chicago. The Chicago Public Library, a tenant for 29 years, occupies one portion of the space and has recently undergone a series of upgrades including all new lighting fixtures, fresh carpeting, and new paint. The library also features a spacious, well-equipped kitchen area and a large meeting room that is actively used by the community, reinforcing the site's role as a local civic hub.
The second tenant, the Department of Family and Support Services, has occupied the remaining space for 9 years, reflecting continued demand and institutional stability. The property has been meticulously maintained, with six recently installed rooftop HVAC units all under a current service contract. Additional improvements include updated gutters and downspouts, enhancing overall building durability. The site benefits from excellent visibility and accessibility, located on a major thoroughfare with strong pedestrian and vehicular traffic, and is conveniently positioned near public transit and neighborhood amenities. This investment offers long-term, reliable cash flow secured by established municipal tenants in a well-located urban setting.