1912 Chicago AveChicago, IL 60622

Property Details for 1912 Chicago Ave

Property size (Sq ft)

7,589 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fully occupied, two-building portfolio totaling 7,589 square feet situated at 1911 and 1913 West Chicago Avenue in Chicago, Illinois. The property, zoned B3-2, comprises four units: two residential apartments and two retail spaces. The residential units, while upgraded, offer further value-add potential through cosmetic and light construction improvements. Both retail spaces benefit from recently signed or extended leases, ensuring stable income. This core-plus, value-add asset boasts 100% occupancy and a strong tenant mix, presenting immediate cash flow and future upside. The prime location within the thriving West Town/Ukrainian Village submarket is surrounded by established businesses such as Roots Pizza, West Town Bakery, and Cleo's Bar, and is just two blocks from a Mariano's grocery store. The property's position within the Chicago Avenue Transit-Oriented Development (TOD) boundaries further enhances its long-term investment prospects. This is an ideal acquisition for investors seeking to capitalize on the continued growth and desirability of this established and vibrant Chicago neighborhood. The asking price is $2,098,000, translating to $276.45 per square foot. The four-story buildings are situated in Cook County, zip code 60622.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.896

Longitude

-87.6754

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