1859 W Chicago Ave - Apartments FOR SALE


Chicago, IL 60622
$2,799,000 USD
312-676-1866
1859 W Chicago Ave, Chicago, IL for Sale
$2,799,000 USD
Apartments - FOR SALE
1/7
null | 6.8% Cap Rate

1859 W Chicago Ave
Chicago, IL 60622


HIGHLIGHTS

  • Excellent West Town signalized corner location
  • Stabilized asset with a strong tenant mix and room for rent growth
  • Highly desirable brick building | Fully rehabbed armchair investment
  • Located within the Chicago Avenue T.O.D boundaries
  • Highly stable retail tenant (Veterinarian Office) with long- term lease
  • This property is owned by an Illinois Real estate broker

OVERVIEW

1859 W Chicago Ave is a ±9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago’s Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo’s Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano’s. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

7

PRICE/UNIT

$399,857

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1888

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,020 SF

ZONING

B3-2

APN/PARCEL ID

17-07-201-001-0000

ASK ABOUT THIS PROPERTY

Drew DillonSVN | Chicago CommercialMore Info
312-676-1866

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Drew DillonSVN | Chicago CommercialMore Info
312-676-1866

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