REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Jan

Sun

Jan

Mon

Jan

Shannon Dykowski

shannon@shannondykowskirealtor.com +1(815) 483-3817

Listed by Adam Schneidermanof Strauss Realty Ltd

$ 5,599,000

Est. payment -/mo

Save

Active

3850 W Cortland Street Chicago, IL 60647

147,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 147,000 sqft

Price per Sqft $38

MLS Listing ID 12365196

Year Built 1952

Annual Tax Amount $166,755

Tax Year 2023

Lot Size 1.150 Acres

Lot Dimensions PER SURVEY

Property Sub-Type Industrial

Property Description

Now available for purchase, 3850 West Cortland Street offers a rare chance to acquire a stable, income-producing real estate asset in the heart of Chicago's dynamic Logan Square neighborhood. This 147,000 SF multi-tenant industrial/flex building sits on a 48,000 SF land parcel - this is a compelling opportunity for investors seeking strong in-place cash flow with upside potential through lease-up. The property currently generates a solid net operating income of $443,000 (NOI As of July 1, 2025), with potential for additional income by filling vacancy (40,557 SF available for additional $33,768 in monthly income). With a mix of short- and long-term tenants spanning creative, industrial, and office uses, the asset is home to a diverse range of small to mid-size businesses. Importantly, all leases include ownership cancellation rights. Key features include: Four interior dock loading areas with two levelers. Six drive-in doors (most opening directly into tenant spaces). 10,000-lb freight elevator. Updated electrical, water, and gas service. High ceilings: 17' (1st floor), 14' (2nd floor), and 10' (usable lower level). 488 feet of Springfield Ave frontage. Large windows, skylights, and modernized HVAC systems in several units. On-site management and 24/7 access. Located at the intersection of Armitage and Springfield, the property sits at the confluence of Logan Square, Humboldt Park, and Hermosa, with convenient access to CTA and Metra transit, major highways, and truck routes. It is also just two blocks from the 606 Trail and adjacent to Marine Leadership Academy and Sharon Christa McAuliffe Elementary School. Potential incentive programs include TIF, Enterprise Zone, Underserved Area (EDGE), and HUBZone eligibility.

Location

State IL

County Cook

Zoning INDUS

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

View Y/N true

Building

Structure Type Brick

SCHOOLSPROPERTIES

Elementary Schools 20

10

Skinner Elementary School

Public | PK - 5
10

Hawthorne Elementary Scholastic Academy

Public | KG - 8
9

Disney II Elementary School

Public | PK - 6
9

Burley Elementary School

Public | KG - 8
9

Prescott Elementary School

Public | PK - 8
9

Jackson a Elementary Language Academy

Public | KG - 8
8

Bell Elementary School

Public | KG - 8
8

Coonley Elementary School

Public | PK - 8
8

Mitchell Elementary School

Public | PK - 8
8

Lasalle II Lang Academy Elementary School

Public | PK - 8
8

Burr Elementary School

Public | PK - 8
8

Mayer Elementary School

Public | PK - 8
7

Garcia Lorca Elementary School

Public | KG - 8
7

Locke a Elementary Charter Academy

Public | PK - 8
7

Von Linne Elementary School

Public | KG - 8
7

Pulaski International School of Chicago

Public | KG - 8
7

Columbus Elementary School

Public | PK - 8
7

Pritzker Elementary School

Public | KG - 8
7

Ravenswood Elementary School

Public | PK - 8
7

Blaine Elementary School

Public | PK - 8

Middle Schools 9

10

Lane Technical High School

Public | 7 - 12
10

Young Magnet High School

Public | 7 - 12
7

Ogden Intermediate High School

Public | 6 - 12
4

Ames Middle School

Public | 7 - 8
4

Disney II Magnet High School

Public | 7 - 9
3

Aspira Charter Schools

Public | 6 - 12
1

Kelvyn Park High School

Public | 7 - 12
0

T. Marshall Middle School

Public | 7 - 8
0

Iyc Chicago

Public | 6 - 12

High Schools 20

10

Devry Advantage Academy High School

Public | 11 - 12
9

Westinghouse High School

Public | 9 - 12
8

Phoenix Military Academy High School

Public | 9 - 12
6

Crane Medical Preparatory High School

Public | 9 - 9
5

Clemente Community Academy High School

Public | 9 - 12
5

Lake View High School

Public | 9 - 12
4

Marshall Metropolitan High School

Public | 9 - 12
4

Manley Career Academy High School

Public | 9 - 12
4

Wells Community Academy High School

Public | 9 - 12
3

Schurz High School

Public | 9 - 12
3

Alcott Humanities High School

Public | 9 - 12
2

Raby High School

Public | 9 - 12
1

North-Grand High School

Public | 9 - 12
1

Orr Academy High School

Public | 9 - 12
1

Legal Preparatory Academy Charter High School

Public | 9 - 10
0

Lydia Urban Academy

Private | 9 - 12
0

Antonia Pantoja High School

Private | 10 - 12
0

Pathways in Education Avondale High School

Public | 9 - 12
0

West Town Academy

Private | 10 - 12
0

Gordon Tech High School

Private | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Shannon Dykowski

+1(815) 483-3817

shannon@shannondykowskirealtor.com

Shannon Dykowski

3850 W Cortland Street Chicago, IL 60647

Key Details

Location

Interior

Exterior

Building

GET MORE INFORMATION

Go tour this home

3850 W Cortland Street