Property Overview
Interra Realty has been exclusively engaged to market 1856 W. Chicago Avenue for sale. The subject investment property is a fully renovated mixed-use asset in the heart of Chicago’s booming West Town Neighborhood.
The sellers completed a thoughtful renovation of the apartments featuring modern finishes, separate HVAC, and in-unit laundry. Their attention to detail differentiates the apartments from other rental stock in the neighborhood. The unit mix features all spacious two and three bedroom layouts, with an average unit size of almost 1,000 square feet.
The street-level retail is fully leased to two quality tenants who are additive to the building and neighborhood. Altar Home is a home design and accessory store with a coffee shop in the rear of the property. The coffee shop portion also walks out to sidewalk seating on the Wolcott side of the property. The other retail space is leased to Ms. Ann's Boxing & Fitness which is backed by a celebrity boxing figure and local, hands-on operator.
Highlights
- Prominent Corner Building in Low Density, High Demand
Submarket - Fully Occupied Commercial with High-Quality Tenants
- Renovated Apartments with Modern and Timeless Finishes
- Additional Revenue from Billboard and On-Site Parking
- Attractive Unit Mix with Half 2 Bed / 1 Bath and Half 3 Bed / 2 Bath
Layouts