$12,680,000
8.1% cap · 46,370 sq ft RBA · Class C
8310 W Fullerton Ave
Chicago, IL 60622
Listed 4 months ago$273/sq ft
01 / 07
Price cut −9%For SaleOffice
$10,175,000
5764 N Halsted St
Hyde Park · Chicago, IL 60622
$188/sq ft112 days on market3.4K views210 saves
Key facts
- Interior
- 54,090 sq ft
- Lot
- 1.89 acres
- Year built
- 1918
- Property type
- Office
- Price / sq ft
- $188/sq ft
- Annual taxes
- $201,470
- Days on market
- 112
Getting around
Walk Score77
Very Walkable
Transit Score79
Excellent Transit
Bike Score80
Very Bikeable
About this property
Built in 1918 and capitalized properly since, this office building needs no immediate capital. Current NOI supports the 7.5% going-in yield with room above it as leases reset. Debt is assumable at a below-market coupon for a qualified buyer.
Investment summary
Investment summary
Cap rate
7.50%
Net operating income ÷ price
Net operating income
$763,125
Annual, after operating expenses
Cash-on-cash
+5.7%
$172,603 annual cash flow on $3,052,500 equity
Occupancy78%
42,190 sq ft leased of 54,090 sq ft
- Tenants
- 8
- Rentable area
- 54,090 sq ft
- Price / sq ft
- $188/sq ft
- WALE
- 4.5 yrs
- Lease type
- Full Service
- Building class
- Class B
- Zoning
- MU-4
- Parking
- 188 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $590,522 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Bike Room & Showers
Parking & Access
- Structured Parking
- Freight Elevator
Highlights
- Conference Center
- Value-Add Upside
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2021-11-28 | Sold | $6,723,000 |
| 2026-04-04 | Listed | $11,227,000 |
| 2026-04-24 | Price cut | $10,938,000 |
| 2026-05-16 | Price cut | $10,175,000 |
Location
Hyde Park, Chicago — Cook County
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Approximate location · Hyde Park
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Estimated monthly
$70,673/mo
- Principal & interest72%$50,916
- Property tax24%$16,789
- Home insurance4%$2,968
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 $8,140,000 · 30 yr · 6.40%
