• 743 N. Pulaski - 743 N. Pulaski, Chicago, IL 60624

For Sale

Office

For Sale

This property is available for sale
5,900
SF
$650,000
Sale Price
  • Year Built
    2003
  • Overview

    743 North Pulaski is lcated just south of teh southeast corner of Chicago Ave & Pulaski Rd on the border of the Humboldt Park & Garfield Park communities. The property has excellent access to the area's major transportation links, including exressways, as well as bus and commuter rail services. In the immediate arfea there are restaurants, retailers and various service businesses. Value Added Investment property. 5900sf freestanding building on 14,176 sf site. Building is in excellent condition. Building dimensions are approximately (88' x 69'). The building was built specifically for the Illinois Secretary of State. Until a few years ago they occupied the entire building. They have since downsized to approximately 3,714sf and recently renewed thru November 2023. The lease with the Secretary of State is modified gross. They are responsible for 63% of real estate tax increases above the 2018 Real Estate Taxes as a base year. There is currently 2,186sf facing Pulaski that is vacant. When leased the NOI could increase by approximately $35,000/yr based on a rental rate of $16.00psf nnn. The vacant space is built out with 2 private offices a conference room, ADA bath and large open area. Could accommodate another office user or medical use. Additionally there is 9,600sf vacant land site to the immediate south of the site currently owned by the seller and can be packaged with the subject to assemble a +/-24,000sf.

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Property Details

743 North Pulaski is lcated just south of teh southeast corner of Chicago Ave & Pulaski Rd on the border of the Humboldt Park & Garfield Park communities. The property has excellent access to the area's major transportation links, including exressways, as well as bus and commuter rail services. In the immediate arfea there are restaurants, retailers and various service businesses. Value Added Investment property. 5900sf freestanding building on 14,176 sf site. Building is in excellent condition. Building dimensions are approximately (88' x 69'). The building was built specifically for the Illinois Secretary of State. Until a few years ago they occupied the entire building. They have since downsized to approximately 3,714sf and recently renewed thru November 2023. The lease with the Secretary of State is modified gross. They are responsible for 63% of real estate tax increases above the 2018 Real Estate Taxes as a base year. There is currently 2,186sf facing Pulaski that is vacant. When leased the NOI could increase by approximately $35,000/yr based on a rental rate of $16.00psf nnn. The vacant space is built out with 2 private offices a conference room, ADA bath and large open area. Could accommodate another office user or medical use. Additionally there is 9,600sf vacant land site to the immediate south of the site currently owned by the seller and can be packaged with the subject to assemble a +/-24,000sf.

  • Property Type
    Office
  • Submarket
  • Year Built
    2003
  • Sale Price
    $650,000
  • Total Building Size
    5,900RSF
  • Building Class
    B
  • Sale Status
    Available
  • Property ID
    2048432

Landlord's Sales Representative

  • Joshua Budny
    Matrix Realty Group