For Sale
$1,299,000

1911 Chicago AveChicago, IL 60622

Chicago storefront, 3 units, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use building, located in Chicago's vibrant West Town neighborhood, presents a compelling investment opportunity. The property boasts 4,945 square feet across two stories, encompassing three units: two residential apartments and one retail storefront. Currently operating at 100% occupancy, the building features a recently renewed five-year lease on the retail space, providing immediate income and stability. Built in 1922 and extensively renovated in 2022, this property offers a blend of historic charm and modern updates. The two residential units present an opportunity for increased rental income through cosmetic improvements. Situated on a 2,926 square foot lot, the building is zoned B3-2 and includes a two-car garage. Its prime location within the Chicago Avenue Transit-Oriented Development (TOD) boundaries, surrounded by desirable neighborhoods like Wicker Park, East Village, Noble Square, and Ukrainian Village, ensures strong tenant demand and future appreciation potential. This core investment offers a blend of immediate return and long-term growth prospects in a thriving Chicago community. The property's strong tenant mix and location within a stable and highly sought-after neighborhood make it an attractive investment for discerning buyers. The APN is 17072000190000.

Highlights

  • Excellent West Town location.
  • Stabilized, multi-tenant mixed-use building with rent growth potential.
  • Located within Chicago Avenue Transit-Oriented Development (TOD) boundaries.
  • 100% occupancy.
  • Owned by an Illinois real estate broker.

Property Details for 1911 Chicago Ave

Property type
Retail properties, Mixed-use properties
Square Feet
4,945 SF
Year Built/Renovated
1922/2022
Buildings
1
Stories
2
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.895963026913
Longitude
-87.675067082677
1911 Chicago Ave, Chicago, Illinois

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1911 Chicago Ave
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