Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1158-1160 W. Taylor Street and 917 S. Racine Avenue (“the Properties”), an urban mixed-use investment located in Chicago’s vibrant Little Italy neighborhood. The Properties are located just 1.5 miles west of Chicago’s central business Loop and situated in the heart of Taylor Street’s bustling commercial corridor adjacent to University of Illinois at Chicago (UIC).
The Properties consist of three (3) buildings located on the hard signalized northeast corner of Taylor & Racine, totaling ±12,600 gross leasable square feet situated on ±6,260 square feet of land. All three (3) buildings are on one parcel of land, which include eight (8) apartment units and two (2) retail spaces.
The area has enviable density and demographics with a daytime population of 86,877 and average household income of $118,000+ within a 1-mile radius. Home to University of Illinois at Chicago and Rush University Medical Center, the neighborhood benefits from steady daytime traffic and constant commercial activity.
The Property offers the rare opportunity to acquire irreplaceable real estate that contains several value-add components, while generating a steady cash-flow at below market rents.