$179,000
●
Commercial -
Off Market
1347 W washington Boulevard #1B
CHICAGO, IL 60607
Studio
0 Bath
$253,619
RealtyHop Estimate
41.69%
Since Nov 1, 2017
IL-Chicago
Primary Model
About This Property
DESIRABLE WEST LOOP COMMERCIAL CONDOMINIUM UNIT THAT IS CHEAPER TO
OWN THAN RENT! THIS 870 SQUARE FOOT, GROUND-FLOOR, COMMERCIAL
OFFICE/RETAIL CONDO IS CURRENTLY BUILT OUT WITH TWO OFFICES, TWO
BATHROOMS, AND RECEPTION AREA/WAITING ROOM. GREAT MIXED-USED
LOCATION WITHIN THE VIBRANT WEST LOOP INCLUDING RESTAURANTS, RETAIL
SHOPS, CORPORATE OFFICES, RESIDENTIAL CONDOS. C1-3 ZONING ALLOWS
FOR A VARIETY OF OFFICE AND RETAIL USES. GREAT EXPOSURE IN AN
ATTRACTIVE NEWER BUILDING ALONG WASHINGTON. MONTHLY ASSESSMENT IS
$204.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$369
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Monthly Property Taxes
Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #09593532)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2017 | Sold | ||
| Sold | |||
| Apr 13, 2017 | Listed by Conlon: A Real Estate Company | $179,000 | |
| Listed by Conlon: A Real Estate Company | |||
Property Highlights
Garage
Elevator
Air Conditioning
Interior Details
Flooring Type: Carpet
Exterior Details
Exterior Building Type: Brick
Parcel Number: 17083350271002
Property Type: Commercial Sale
Year Built: 2001
Construction Methods: Brick
Lot Size Dimensions: COMMON
Financial Details
Tax Year: 2016
Tax Annual Amount: $4,422
Utilities Details
Cooling: Central Air
Location Details
Township: WEST CHICAGO
Directions: OGDEN TO WASHINGTON EAST TO PROPERTY
County or Parish: Cook
Other Details
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/11/2025
|
2 Bed
|
2 Bath
|
1700 ft²
|
$675,000
2 Bed
2 Bath
1700 ft²
|
-
-
|
Layching Quek
Redfin Corporation
| |
|
11/21/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$599,000
2 Bed
2 Bath
1450 ft²
|
$600,000
+0.17%
01/12/2024
|
Steven Powers
Century 21 S.G.R., Inc.
| |
|
05/04/2021
|
2 Bed
|
2 Bath
|
-
|
$485,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
05/08/2017
|
2 Bed
|
2 Bath
|
1650 ft²
|
$549,500
2 Bed
2 Bath
1650 ft²
|
$540,000
-1.73%
06/19/2017
|
Mario Greco
Compass
| |
|
04/13/2017
|
Loft
|
-
|
-
|
$179,000
Loft
-
|
$179,000
11/06/2017
|
William Hynes
Conlon: A Real Estate Company
| |
|
02/16/2017
|
2 Bed
|
2 Bath
|
1600 ft²
|
$475,000
2 Bed
2 Bath
1600 ft²
|
$455,000
-4.21%
04/17/2017
|
Samantha O'Keefe
Century 21 Sussex & Reilly
|
Building Info
1347 West Washington Boulevard
1347 West Washington Boulevard, Chicago, IL 60607
About West Side
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Listed by: , Conlon: A Real Estate Company
Last Updated: 3 years ago
Data Source: MRED, MLS# 09593532
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09593532
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