620 W Roosevelt Road
Chicago, IL, 60607
$1,095,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12635126 image #0
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.

Property Details

Price:
$1,095,000
MLS #:
MRD12635126
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Neighborhood Storefront
Neighborhood:
chinearwestside
Listed Date:
Apr 30, 2026
Total Sq Ft:
5,293
Year Built:
1958
Chi – Near West SideChinearwestside

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Interior

Cooling
Central Air

Exterior

Stories
1

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$82,337
Tax Year
2024
Taxes
$33,200

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Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 05, 2026
892
Commercial Listed
183
Avg DOM
$1,018,616
Avg List Price

Property Summary

    620 W Roosevelt Road Chicago IL is a Commercial for sale in Chicago, IL, 60607. It is listed for $1,095,000

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Chicago, IL