Chicago, IL 60647,3850 W Cortland ST
Chicago, IL 60647,3850 W Cortland ST
Chicago, IL 60647,3850 W Cortland ST
Chicago, IL 60647,3850 W Cortland ST
Chicago, IL 60647,3850 W Cortland ST
Chicago, IL 60647,3850 W Cortland ST
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Michael Bempah

Michael Bempah

The Bempah Group

+1(630) 206-9116
$ 4,999,000
Est. payment | /mo

147,000 SqFt

Save
$ 4,999,000
Est. payment | /mo
Save

147,000 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 147,000 sqft

Price per Sqft $34

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

Area Chi - Logan Square

Zoning INDUS

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Industrial

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Adam Schneiderman of  Strauss Realty Ltd 
NEARBY SCHOOL & BUSINESS
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Disney II Elementary School

    Public | PK - 6

  • 8

    Bell Elementary School

    Public | KG - 8

  • 8

    Coonley Elementary School

    Public | PK - 8

  • 8

    Mitchell 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

  • 6

    Reinberg Elementary School

    Public | PK - 8

  • 6

    Portage Park Elementary School

    Public | PK - 8

  • 6

    Christopher House Charter Elementary School

    Public | KG - 1

  • 6

    Casals Elementary School

    Public | KG - 8

  • 6

    Brentano Elementary School

    Public | KG - 8

  • 6

    Chase Elementary School

    Public | PK - 8

  • 6

    Goethe Elementary School

    Public | PK - 8

  • 6

    Audubon Elementary School

    Public | PK - 8

  • 5

    Ellington Elementary School

    Public | PK - 8

  • 5

    Hanson Park Elementary School

    Public | PK - 8

  • 5

    Schubert Elementary School

    Public | PK - 5

Middle Schools 9
  • 10

    Lane Technical High School

    Public | 7 - 12

  • 5

    Clark Academy Preparatory Magnet High School

    Public | 7 - 12

  • 4

    Ames Middle School

    Public | 7 - 8

  • 4

    Disney II Magnet High School

    Public | 7 - 9

  • 3

    Aspira Charter Schools

    Public | 6 - 12

  • 2

    Northwest Middle School

    Public | 6 - 8

  • 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

    Prosser Career Academy High School

    Public | 9 - 12

  • 6

    Crane Medical Preparatory High School

    Public | 9 - 9

  • 5

    Clemente Community Academy High School

    Public | 9 - 12

  • 4

    Douglass Academy High School

    Public | 9 - 12

  • 4

    Austin Business & Entrepreneurship High School

    Public | 9 - 12

  • 4

    Marshall Metropolitan High School

    Public | 9 - 12

  • 4

    Manley Career Academy High School

    Public | 9 - 12

  • 3

    Schurz High School

    Public | 9 - 12

  • 3

    Alcott Humanities High School

    Public | 9 - 12

  • 2

    Austin Polytechnical Academy High School

    Public | 9 - 12

  • 2

    Raby High School

    Public | 9 - 12

  • 1

    Voise Academy High School

    Public | 9 - 12

  • 1

    Foreman High School

    Public | 9 - 12

  • 1

    North-Grand High School

    Public | 9 - 12

  • 1

    Orr Academy High School

    Public | 9 - 12

  • 0

    Vaughn Occupational High School

    Public | 9 - 12

  • 0

    Austin Career Education Center

    Private | 10 - 12

School and business data provided by Attom Data.
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Michael Bempah
Michael Bempah

Broker | License ID: 475.175881

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA

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3850 W Cortland ST

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