Lee & Associates of Illinois and Lee & Associates NYC are please to present the exclusively for sale the court-ordered receivership sale, requiring final court approval, of the portfolio of mixed-use assets located at 1636, 1646-1656 North Bosworth Avenue, Chicago, IL, 60642 (the "properties" or the "portfolio"). Consisting of 4 buildings each with one commercial unit and 6 apartments above, the portfolio is located in the trendy Wicker Park area of Chicago. The residential units are a mix of 2- and 3- bedroom units with modern finishes including quarts counters, stainless steel appliances, and in-unit laundry and features 30 parking spaces with potential to amenitize existing rooftop space. There is also an existing billboard located above the portfolio facing the Kennedy Expressway that can be monetized.
The portfolio represents the opportunity for an investor to capitalize on modern living spaces in an up-and-coming neighborhood of Chicago and offers immediate value-add through lease-up of 3 of 4 existing commercial spaces.