1559 N Milwaukee Ave
Chicago, IL 60622
Wicker Park
HIGHLIGHTS
- NNN, leaving little to no responsibility for the landlord
- 2.25% annual increases to continue growing NOI every year
- Ground floor restaurant space at nearly 30% below market rental rate
- Potential for investor to re-tenant and capture a above-market return
- FAR allows for increased space of ±6,600 SF and with apartments allows investor to increase NOI by over 70%
FOR SALE DETAILS
PRICE
$2,295,000 USD
PRICE/SF
$765 USD /SF
CAP RATE
5.62%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1914
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
CROSS STREETS
North Ave
LAND ACRES
0.07 AC
LAND SF
3,049 SF
ZONING
B4-2
APN/PARCEL ID
17-06-200-004-0000
ASK ABOUT THIS PROPERTY
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773-270-9127
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773-270-9127
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