Chicago, Illinois
Income-Producing Retail Investment
Pulaski Road and W Dickens Avenue
2059 N Pulaski Road
Property Facts
- Approximately 21,966 SF of land.
- Approximately 9,000 SF of building area.
- Seven-parcel assemblage.
- On-site parking.
- Occupancy reported in the property packet: 100%, with two tenants.
- Tenant uses: liquor/grocery store and coin laundry.
Property Overview
A corner retail investment combining in-place rental income, on-site parking and a substantial parcel assemblage. The opportunity centers on existing operations and scheduled rent growth, with longer-term repositioning potential subject to further study.
Financial Overview
Scheduled Annual Rent
$172,576.20
Illustrative Annual Net Operating Income
$125,560.75
Illustrative Cap Rate at $2,000,000 Asking Price
Approximately 6.28%
2025 Aggregate Real Estate Taxes
$42,515.45
Illustrative NOI Calculation
| Scheduled annual rent | $172,576.20 |
| Less 2025 property taxes | ($42,515.45) |
| Less estimated other landlord costs | ($4,500.00) |
| Illustrative NOI | $125,560.75 |
Income, occupancy and expenses reflect the supplied property packet and require current verification. Buyers should review leases, reimbursements, insurance, maintenance and other operating costs. NOI is before debt service. No redevelopment ARV has been established.
Property information reflects supplied materials and is subject to verification and change. Projected values depend on stated development, leasing, expense and capitalization assumptions. Renderings do not establish approved development rights.
Lease Growth
Seller-reported lease provisions, subject to verification against executed leases and amendments:
- Liquor/grocery store2.5% annual rent increases.
- Coin laundry10% rent increase every five years.
Location
2059 N Pulaski Road sits at the corner of Pulaski Road and W Dickens Avenue in the Hermosa neighborhood on Chicago's northwest side. The property benefits from Pulaski Road frontage and corner exposure on Dickens Avenue. Logan Square is nearby to the east, and the surrounding area includes a mix of retail, service and residential uses along the Pulaski corridor.
Let's Explore the Opportunity.
Contact Talia Ramos for available property materials, questions or a conversation about next steps.
Talia Ramos
Real Estate Broker + Investor
RE/MAX Properties Northwest
Illinois Broker License: 475.210136