$4,205,000
7.0% cap · 23,400 sq ft RBA · Class A
5752 N Milwaukee Ave
Chicago, IL 60610
Listed 4 weeks ago$180/sq ft
01 / 08
Price cut −2%Open Aug 9, 2026For SaleRetail
$3,775,000
2871 N Ashland Ave
Hyde Park · Chicago, IL 60618
$265/sq ft171 days on market4.2K views241 saves
Key facts
- Interior
- 14,260 sq ft
- Lot
- 0.62 acres
- Year built
- 1944
- Property type
- Retail
- Price / sq ft
- $265/sq ft
- Annual taxes
- $74,750
- Days on market
- 171
Getting around
Walk Score75
Very Walkable
Transit Score79
Excellent Transit
Bike Score73
Very Bikeable
About this property
Stabilized retail property in one of Chicago's tightest submarkets, delivered with in-place income. Zoning and the highway frontage leave the door open for a future repositioning. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
6.90%
Net operating income ÷ price
Net operating income
$260,475
Annual, after operating expenses
Cash-on-cash
+3.7%
$41,387 annual cash flow on $1,132,500 equity
Occupancy90%
12,834 sq ft leased of 14,260 sq ft
- Tenants
- 4
- Rentable area
- 14,260 sq ft
- Price / sq ft
- $265/sq ft
- WALE
- 8.1 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- GR
- Parking
- 79 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $219,088 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Sprinkler System
Highlights
- Signalized Corner
- Highway Frontage
- Corner Visibility
- Drive-Thru
- Value-Add Upside
- NNN Leases in Place
- Recent Capital Improvements
- Below-Market Rents
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2021-01-08 | Sold | $2,792,000 |
| 2026-02-04 | Listed | $3,868,000 |
| 2026-03-06 | Price cut | $3,842,000 |
| 2026-04-09 | Price cut | $3,775,000 |
Location
Hyde Park, Chicago — Cook County
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Approximate location · Hyde Park
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Estimated monthly
$26,221/mo
- Principal & interest72%$18,890
- Property tax24%$6,229
- Home insurance4%$1,101
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $3,020,000 · 30 yr · 6.40%
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