1422-1426 N Milwaukee Ave - Apartments FOR SALE


Chicago, IL 60622
$7,500,000 USD
847-863-2707
1422-1426 N Milwaukee Ave, Chicago, IL for Sale
$7,500,000 USD
Apartments - FOR SALE
1/26
null | 7.07% Cap Rate

1422-1426 N Milwaukee Ave
Chicago, IL 60622


HIGHLIGHTS

  • 2019 Gut Renovation
  • 7.07% cap rate | 9.52 GRM
  • The Millwood building at 1422 Milwaukee is positioned in the heart of Wicker Parks best “highstreet” retail corridor running along Milwaukee Ave.

OVERVIEW

The Milwood stands out as a unique investment opportunity for a mixed-use property, featuring prime retail space in the heart of Wicker Park on its ground floor and 20 highly desirable loft apartments above. Positioned along Milwaukee Ave, in the heart of Wicker Park’s coveted retail corridor, this property holds immense appeal for both retail and residential tenants. The studio and one-bedroom apartments showcase exposed brick, subway tiling, custom cabinetry, in-unit laundry facilities, glass-enclosed rain showers, bike storage, and limited onsite parking. Combining historic charm with modern amenities, this building provides a unique blend of the past and present.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

23

PRICE/UNIT

$326,087

CAP RATE

7.07%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Milwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1869

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B3-3

APN/PARCEL ID

17-06-216-095-0000

ASK ABOUT THIS PROPERTY

Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.