Chicago, IL 60622 1555 N Milwaukee Avenue
$2,900,000



2 more



Presented By: Sperry Van Ness
Home Details
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.
Presented By: Sperry Van Ness
General for 1555 N Milwaukee Avenue
Additional Parcels Y/NNo
CityChicago
CoolingWindow Unit(s)
CountyCook
DirectionsOn N Milwaukee Ave near Damen/North/Milwaukee Intersection
ElectricOther
Electric Expense891
Fuel Expense10558
Gross Income289486
Insurance Expense6749
Lot Size Square Feet2950
MLS AreaCHI - West Town
Net Operating Income188322
Number Of Units Total18
Operating Expense101164
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusNew
Stories4
Tax Annual Amount28947
Tax Year2023
Trash Expense3539
Water Sewer Expense8550
Year Built1920
Exterior for 1555 N Milwaukee Avenue
Lot Dimensions25 X 118
Additional Details
Price History
