1912 Chicago AveChicago, IL 60622

For Sale
$2,098,000

West Town Mixed-Use Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, two-building portfolio totaling 7,589 square feet situated at 1911 and 1913 West Chicago Avenue in Chicago, Illinois. The property, zoned B3-2, comprises four units: two residential apartments and two retail spaces. The residential units, while upgraded, offer further value-add potential through cosmetic and light construction improvements. Both retail spaces benefit from recently signed or extended leases, ensuring stable income. This core-plus, value-add asset boasts 100% occupancy and a strong tenant mix, presenting immediate cash flow and future upside. The prime location within the thriving West Town/Ukrainian Village submarket is surrounded by established businesses such as Roots Pizza, West Town Bakery, and Cleo's Bar, and is just two blocks from a Mariano's grocery store. The property's position within the Chicago Avenue Transit-Oriented Development (TOD) boundaries further enhances its long-term investment prospects. This is an ideal acquisition for investors seeking to capitalize on the continued growth and desirability of this established and vibrant Chicago neighborhood. The asking price is $2,098,000, translating to $276.45 per square foot. The four-story buildings are situated in Cook County, zip code 60622.

Highlights

  • Two-building portfolio at 1911 & 1913 W Chicago Ave.
  • Excellent West Town location.
  • Stabilized, fully occupied asset with strong tenant mix and upside potential for rent growth and further development.
  • Situated within the Chicago Avenue Transit-Oriented Development (TOD) boundaries.
  • Owned by an Illinois licensed real estate broker.

Property Details for 1912 Chicago Ave

Property type
Other retail properties, Individual retail properties
Square Feet
7,589 SF
Buildings
3
Stories
4
Units
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.895960893847
Longitude
-87.67537026756
1912 Chicago Ave, Chicago, Illinois

FAQs

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1912 Chicago Ave
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