1934 Chicago AveChicago, IL 60622

For Sale
$1,592,000

Prime West Town location, 3-unit building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use building, located at 1934 W Chicago Ave in Chicago's vibrant Ukrainian Village neighborhood, presents a compelling investment opportunity. The 4,560 square foot property boasts a prime corner location at Chicago Avenue and Winchester Avenue, offering excellent visibility and sidewalk cafe potential. Currently fully occupied with a strong tenant mix including West Town Market, School of Rock, and a three-bedroom, two-bathroom residential unit, this stabilized asset provides immediate cash flow. All three units have undergone a complete rehabilitation, representing a turnkey investment. The building also features an income-producing electronic sign. Situated within the Chicago Avenue Transit-Oriented Development (TOD) boundaries, this property benefits from its proximity to numerous amenities, including Dante's Pizzeria, Roots Pizza, West Town Bakery, Cleo's Bar, and Mariano's grocery store (1.5 blocks away). The building is a highly desirable two-story brick structure, built in 1910, sitting on a 3,125 square foot lot. The property is zoned B3-2 and offers a 7.00% cap rate at an asking price of $1,592,000 ($349.12/sq ft). This is a rare opportunity to acquire a fully rehabbed, high-performing asset in a rapidly growing submarket. The strong tenant mix, prime location, and attractive cap rate make this an ideal investment for those seeking a stable, high-return property in a thriving Chicago neighborhood. The property's APN is 17-06-433-042-0000.

Highlights

  • Prime West Town corner location.
  • Stable, well-occupied building with a diverse tenant roster.
  • Attractive brick building.
  • Turnkey investment property, fully renovated.
  • Situated within the Chicago Avenue Transit-Oriented Development (TOD) zone.
  • Broker-owned.

Property Details for 1934 Chicago Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,560 SF
Year Built
1910
Buildings
1
Stories
2
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.895953717534
Longitude
-87.675960080509
1934 Chicago Ave, Chicago, Illinois

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1934 Chicago Ave
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