Price cut −3%Open Sat
$11,970,000
7.5% cap · 35,400 sq ft RBA · Class C
1256 N Ashland Ave
Chicago, IL 60618
Listed 5 months ago$338/sq ft
01 / 05
NewComing SoonRetail
$12,765,000
681 N Clark St
Logan Square · Chicago, IL 60622
$349/sq ft3 days on market818 views34 saves
Key facts
- Interior
- 36,600 sq ft
- Lot
- 2.60 acres
- Year built
- 1938
- Property type
- Retail
- Price / sq ft
- $349/sq ft
- Annual taxes
- $252,750
- Days on market
- 3
Getting around
Walk Score84
Very Walkable
Transit Score86
Excellent Transit
Bike Score76
Very Bikeable
About this property
Value-add retail property in Logan Square with below-market rents rolling inside the next cycle. 7 tenants spread the credit risk, and the NNN structure limits landlord exposure. Seller will consider a structured sale-leaseback.
Investment summary
Investment summary
Cap rate
8.20%
Net operating income ÷ price
Net operating income
$1,046,730
Annual, after operating expenses
Cash-on-cash
+8.0%
$305,893 annual cash flow on $3,829,500 equity
Occupancy66%
24,156 sq ft leased of 36,600 sq ft
- Tenants
- 7
- Rentable area
- 36,600 sq ft
- Price / sq ft
- $349/sq ft
- WALE
- 2.7 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- C-1
- Parking
- 141 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $740,837 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
- Corner Visibility
- Signalized Corner
- Anchored Center
- Drive-Thru
- 24/7 Card Access
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2018-02-16 | Sold | $8,975,000 |
| 2026-07-22 | Listed | $12,765,000 |
Location
Logan Square, Chicago — Cook County
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Approximate location · Logan Square
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Estimated monthly
$88,662/mo
- Principal & interest72%$63,877
- Property tax24%$21,063
- Home insurance4%$3,723
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 $10,212,000 · 30 yr · 6.40%
