7
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$2,900,000
Est. payment /mo
Active
1555 N Milwaukee Avenue Chicago, IL 60622
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12351126
Year Built 1920
Annual Tax Amount $28,947
Tax Year 2023
Lot Dimensions 25 X 118
Property Sub-Type Mixed Use
Property Description
Pleased to offer for sale a beautiful, fully leased, mixed-use building on Chicago's thriving Wicker Park neighborhood. This four-story property consists of 17 apartments and a ground floor +/- 1,790 SF retail space. This property, which has historically had full occupancy, also offers a value-add opportunity with light rehab of the apartments and turnover of an under-market retail space. The apartment unit mix consists of thirteen two-room studios, three one-room studios and one-three room one bedroom, all of which are very sought after by residential tenants due to limited supply. The commercial tenant, "Wanna Vintage", has a short-term lease that affords the ability to increase the rent on the commercial space. Incredible retail corridor with dozens of immediate area high-traffic shops and eateries including Lululemon, Urban Outfitters, Starbucks, Piece Pizzeria, Cava, Jeni's Ice Cream, Walgreens, Barnes & Noble, Paulie Gee's Pizza, Potbelly, Chipotle, Big Star, Etta and many others. Conveniently located steps to the CTA Damen Blue Line station and many area buses. This is a rare opportunity to own a fully-stabilized apartment/retail investment property in one of Chicago's most popular and sought-after sub-markets for residents, retailers and investors.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Listed by Wayne Caplan • Sperry Van Ness