11238 S Western Avenue, Chicago, IL 60643

Other
THB ฿43,709,639
USD $1,275,000
Published on: 20 Nov 2024
Last updated on: 21 Nov 2024
11238 S Western Avenue, Chicago, IL 60643
11238 S Western Avenue, Chicago, IL 60643
11238 S Western Avenue, Chicago, IL 60643
+9
11238 S Western Avenue, Chicago, IL 60643
  • 9
Property ID: 110095837331
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Medical,Office - Chicago, IL

11238 S Western Avenue, Chicago, IL 60643
Positioned in the heart of Chicago's historic Beverly neighborhood, 11238 S Western Ave is a premier investment opportunity for savvy medical investors seeking stability, growth, and community impact. As part of the exclusive Western Medical Office Portfolio, this meticulously maintained 5,272-square-foot, two-story masonry building delivers both financial performance and strategic location. Anchored by well-established tenants-Life Source Pharmacy, Today's Dental Beverly, and Dr. Theodore James, MD-this property generates a robust (NOI) of 95,655.45 annually with an impressive 7.5 CAP rate. Its dividable layout, equipped with modern exam rooms, offices, and reception areas, offers flexibility for current and future healthcare providers, ensuring a consistent tenant base.  Located on bustling Western Avenue, a primary commercial corridor, this property benefits from exceptional visibility and accessibility. The Beverly neighborhood is renowned for its strong residential base, rich cultural history, and growing commercial developments, creating a vibrant community for both tenants and visitors. Nearby access to major expressways, including I-57 and I-94, ensures seamless connectivity to downtown Chicago and surrounding suburbs. The 111th Street Metra Station, just minutes away, adds to the convenience, while Chicago Midway International Airport is only a 19-minute drive. The healthcare sector remains one of the most stable and rapidly growing industries, with increasing demand for outpatient services and community-based care. Medical office properties in Chicago, particularly in neighborhoods like Beverly, are highly sought after due to their consistent tenant base and essential role in the community. As part of the Western Medical Office Portfolio, this property represents a unique opportunity to invest in a proven market with a history of resilience and high returns.    For investors, 11238 S Western Ave is more than a stable, income-producing asset-it's a key player in a thriving medical hub with long-term growth potential. The healthcare industry's shift towards outpatient services makes strategically located properties like this an indispensable part of any investment portfolio. With a Walk Score of 73, this "very walkable" property is surrounded by a mix of residential, retail, and cultural amenities, ensuring a steady flow of demand from tenants and the community.    Invest in Beverly, invest in growth, and invest in a future-proof medical office market. As part of the Western Medical Office Portfolio, this property offers a unique opportunity to secure a foothold in one of Chicago's most dynamic sectors.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Building Size
489.78 m2
Year Built
1964
Architecture Style
Other
County
Cook
Parcel ID
24242140300000
Provider
Midwest Real Estate Data, LLC
Brokerage Office Name
MoHall Commercial & Urban Development LLC
Brokerage Office Phone
(312) 826-9925
Neighbourhoods
CHI - Morgan Park
Address
11238 S Western Avenue, Chicago, IL 60643

Tax History

YearTax amount
2023USD $0THB ฿0*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.

Contact Agent
Moses Hall
MoHall Commerical & Urban Development
350 N. Orleans St. #9000N, Chicago, IL 60654
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350 N. Orleans St. #9000N, Chicago, IL 60654
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      Property ID: 110095837331

      Data provided by Midwest Real Estate Data, LLC, MLS #: 12212315
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