Property Overview

Interra Realty has been exclusively engaged to market 3600-02 W. 26th Street, Chicago, for sale. The subject investment property is a mixed-use asset with street-level retail and six
apartments in the heart of Little Village. 26th Street has been reported to be the second highest grossing retail corridor in Chicago, behind only Michigan Avenue.

There are two long-term tenants on the first floor; Cash America and Boost Mobile. Cash America is a corporate lease, which was just extended to 2029. Boost Mobile is a franchisee,
who has been at the property for over 10 years and is currently remodeling their space.
The second and third floor feature six apartments, which have a range of finishes and present significant value-add potential. The apartments are fully occupied and have individual
furnaces with tenant-paid heat.

The property has been well maintained and operated by ownership. It presents stability in the commercial tenants and value-add potential in the multifamily component. The property
is being offered for sale free-and-clear of existing financing.

Highlights

  • Stoplight Intersection in the Heart of Little Village
  • Second Highest Grossing Retail Corridor in Chicago Next to Michigan
    Avenue
  • Long-Term / Stable Commercial Tenants on Ground Floor: Cash
  • America (Since 2006) and Boost Mobile (Since 2010)
  • Value-Add Potential in Multifamily Component
  • Well-Maintained and Operated Asset

Key Details

Sale Price
$2,585,000
Number of Units
Eight (8)
Submarket
Little Village