Interra Realty has been exclusively engaged to market 3600-02 W. 26th Street / 2552 S. Central Park Ave , Chicago, for sale. The subject investment property is a mixed-use asset with street-level retail and six apartments in the heart of Little Village. 26th Street has been reported to be the second highest grossing retail corridor in Chicago, behind only Michigan Avenue.
There are two long-term tenants on the first floor; Cash America and Boost Mobile. Cash America is a corporate lease, which was just extended to 2029. Boost Mobile is a franchisee, who has been at the property for over 10 years.
The second and third floor feature six apartments which have a range of finishes and present significant value-add potential. The apartments are fully occupied and have individual furnaces with tenant-paid heat.
The property has been well maintained and operated by ownership. It presents stability in the commercial tenants and value-add potential in the multifamily component. The property is being offered for sale free-and-clear of existing financing.