available

1532 W. Chicago Ave.

Property Overview

Interra Realty has been exclusively engaged to sell the property at 1532 W. Chicago Avenue in Chicago’s West Town neighborhood. The property is a 100%leased, 9-unit mixed-use project that was fully gut renovated in 2017 with all new electrical, plumbing, roof, windows, mechanicals, and parking garage. The 8 condo-quality apartment units feature lofted ceilings up to 16’ tall, exposed brick and ductwork, quartz countertops, mezzanine storage, and living space, engineered hardwood floors, custom white shaker cabinetry, stainless appliances, and private outdoor terraces.

The retail space is fully leased to a strong single-tenant retailer on a 5-year lease expiring in 2024. The property presents a rare opportunity to acquire a true arm-chair investment in one of Chicago’s top-performing submarkets.

Highlights

  • 100% Leased Mixed-Use Property in West Town
  • Fully Gut Rehabbed in 2017
  • Condo-Quality Finishes Throughout
  • Ideal Unit Mix of Strictly One-Bedroom Units
  • Storefront Retail In-Lease Until November 2024

Key Details

Sale Price
$3,400,000
Building Size
11,300 SF
Number of Units
9
Cap Rate
5.82%
Year Built
1865