Active
620 Roosevelt Road
Chicago, IL 60607
$1,095,000
0beds
0baths
—sqft
Anything from "is it priced right?" to "what's the catch?"
About this home
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.
MLS Description — as provided by the listing brokerage.
Location
The facts
Property typeCommercial Sale
Year built1958
Lot dimensions125 X 45
AreaCHI - Near West Side
Annual tax$33,200
First listedApr 30, 2026
Parcel #17163310310000
CountyCook
MLS #MRD12635126
Days on market1
Photos1
Features
Cooling
Central Air
Listed by
@properties Christie's International Real Estate
Nicole Hurt · 630-802-4878
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 5/1/2026, 3:07:03 AM. All data should be independently verified.
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