620 W Roosevelt RD, Chicago, IL 60607
$1,095,000
Est. payment /mo
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5,293 SqFt
Active

620 W Roosevelt RD Chicago, IL 60607

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John Barnak III

John Barnak III

+1(630) 439-6385

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 5,293 sqft

Price per Sqft $206

MLS Listing ID 12635126

Year Built 1958

Annual Tax Amount $33,200

Tax Year 2024

Lot Dimensions 125 X 45

Property Sub-Type Retail/Stores

Property Description

Stabilized, income-producing two-tenant retail investment located in the highly sought-after South Loop / Central Business District of Chicago. This 5,293 SF property is fully leased through August 2028, offering immediate, reliable cash flow with a strong 7.52 cap rate. The asset features two established, long-tenured tenants, providing consistent and durable income. Tenant tax stops at 2022 / 2023 base years pass through all Cook County property tax increases, structurally capping landlord exposure at approximately $29,520 annually through the lease term-creating a highly predictable, low-risk investment profile. Strategically positioned along the high-traffic Roosevelt Road corridor, the property benefits from strong visibility, dense population, and proximity to major employment and transit hubs within the South Loop. In addition to stable in-place income, the property offers long-term upside with DS-3 zoning on a 7,053 SF lot, allowing for a hold-and-build strategy and future redevelopment potential. Ideal for investors seeking passive income, expense protection, and long-term growth in one of Chicago's most dynamic urban submarkets.

Location

State IL

County Cook

Area Chi - Near West Side

Zoning OTHER

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Nicole Hurt of  @properties Christie's International Real Estate 

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John Barnak III

John Barnak III

Broker License ID: 471019889

+1(630) 439-6385

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620 W Roosevelt RD

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