219 Chicago AveChicago, IL 60654

This exceptional six-story mixed-use building at 219 West Chicago Avenue in Chicago's vibrant River North neighborhood presents a compelling investment opportunity. Spanning 19,615 square feet on a 5,800 square foot lot, this property boasts seven units with 83% occupancy and a current NOI of $298,705. Built in 1891, the building features a creative loft office profile ideal for tech and creative businesses, complemented by twelve on-site parking spaces – a rare amenity in River North. The property benefits from a prime location, within walking distance of public transportation (CTA Brown and Purple Lines, and bus routes), the Magnificent Mile, and numerous restaurants and shops. The DX-5 zoning allows for versatile redevelopment options, including high-rises, offices, or apartments with ground-floor retail. Current tenants are below market rent, offering significant potential for NOI growth. An adjacent 15,310 square foot lot zoned DX-5 is also available for purchase. The third floor (3,318 square feet) offers an open floor plan with abundant natural light, presenting an ideal owner-user opportunity. The building's current lease terms offer a value-add component, with ownership actively pursuing five-year lease extensions and incorporating 180-day kick-out clauses for above-ground floor tenants. Surrounded by new residential developments, this property offers a strong foundation for future appreciation and diverse income streams. The asking price is $4,250,000.