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Mixed-Use

1755 N Damen Ave

1755 N Damen Ave, Chicago, IL 60647

Listing Price: $8,400,000

Cap Rate
5.87%
Number of Units
10
Occupancy
95.0%
Price/Unit
$840,000
Price/Gross SF
$350.22
Gross SF
23,985

Investment Overview

Marcus & Millichap is pleased to present this rare opportunity to acquire three properties along prime Damen Avenue, in the Wicker Park, Bucktown and Ukrainian Village neighborhoods of Chicago, Illinois. The subject properties consist of 46 apartments and three retail spaces. The properties feature unique layouts and finishes include stainless steel appliances, granite countertops, and recessed lighting. A majority of the units feature skyline views, private balconies, and parking. 1755 North Damen sits kitty corner to the 606-Bloomingdale Trail, a huge hit with locals who enjoy walking or biking through the city. It is also a six-minute walk to Chicago Transit Authority’s (CTA) Damen Blue Line train stop and 66 bus stop, and a two-minute walk from CTA’s 50 bus stop. 2016 West Evergreen is also a six-minute walk north to CTA’s Damen Blue Line train stop, and is steps from the 50 bus stop. The property is also directly next to A N Pritzker Public School. 1952-56 West Erie Street and 1952-56 Ohio Street are located just north of Grand Avenue, and is across the street from CTA’s 50 bus stop, and a four-minute walk to CTA’s 65 bus stop. All the properties are located within a short drive of I-90 allowing for an easy commute in and out of the downtown area. The neighborhood of Wicker Park is known for the endless attractions ranging from fine dining to theatres to cocktail bars. Working Chicagoans flock to the neighborhood due to the easily accessible transit options to downtown and amount of commercial retail and entertainment establishments. The neighborhood also features numerous art galleries that draw Chicago artists to the area. Bucktown draws in Chicagoans due to the never-ending list of entertainment venues and restaurants. There are numerous national and boutique shops that attract shoppers during the day, as well as encourage them to stay through the night. Visitors and locals in this area can enjoy cocktail lounges and breweries, one being Piece – an award-winning brewery slash pizzeria, and another being The Violet Hour – famous for its “mixology tour de force.” The public elevated trail “606” runs through the neighborhood, creating a scenic route for cyclists and walkers. Bucktown is also made beautiful by historic luxury single-family homes and small apartment buildings. The Ukrainian Village neighborhood is filled with historic churches and museums along with independent theatre companies and music venues, illustrating the endless amount of things to do. The neighborhood is connected by main streets including Division, Chicago, and Grand Avenue that are lined with galleries and independent coffee shops.

Investment Highlights

  • Rare Portfolio Opportunity Along Damen Avenue
  • Condo-Quality Finishes
  • Private Balconies with Skyline Views
  • On-Site Parking
  • Walking Distance to Prime Wicker Park and Public Transportation

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Financing By

Mixed-Use

1755 N Damen Ave

Listing Price: $8,400,000

Cap Rate
5.87%
Number of Units
10
Occupancy
95.0%
Price/Unit
$840,000
Price/Gross SF
$350.22
Gross SF
23,985

Investment Highlights

  • Rare Portfolio Opportunity Along Damen Avenue
  • Condo-Quality Finishes
  • Private Balconies with Skyline Views
  • On-Site Parking
  • Walking Distance to Prime Wicker Park and Public Transportation

Investment Overview

Marcus & Millichap is pleased to present this rare opportunity to acquire three properties along prime Damen Avenue, in the Wicker Park, Bucktown and Ukrainian Village neighborhoods of Chicago, Illinois. The subject properties consist of 46 apartments and three retail spaces. The properties feature unique layouts and finishes include stainless steel appliances, granite countertops, and recessed lighting. A majority of the units feature skyline views, private balconies, and parking. 1755 North Damen sits kitty corner to the 606-Bloomingdale Trail, a huge hit with locals who enjoy walking or biking through the city. It is also a six-minute walk to Chicago Transit Authority’s (CTA) Damen Blue Line train stop and 66 bus stop, and a two-minute walk from CTA’s 50 bus stop. 2016 West Evergreen is also a six-minute walk north to CTA’s Damen Blue Line train stop, and is steps from the 50 bus stop. The property is also directly next to A N Pritzker Public School. 1952-56 West Erie Street and 1952-56 Ohio Street are located just north of Grand Avenue, and is across the street from CTA’s 50 bus stop, and a four-minute walk to CTA’s 65 bus stop. All the properties are located within a short drive of I-90 allowing for an easy commute in and out of the downtown area. The neighborhood of Wicker Park is known for the endless attractions ranging from fine dining to theatres to cocktail bars. Working Chicagoans flock to the neighborhood due to the easily accessible transit options to downtown and amount of commercial retail and entertainment establishments. The neighborhood also features numerous art galleries that draw Chicago artists to the area. Bucktown draws in Chicagoans due to the never-ending list of entertainment venues and restaurants. There are numerous national and boutique shops that attract shoppers during the day, as well as encourage them to stay through the night. Visitors and locals in this area can enjoy cocktail lounges and breweries, one being Piece – an award-winning brewery slash pizzeria, and another being The Violet Hour – famous for its “mixology tour de force.” The public elevated trail “606” runs through the neighborhood, creating a scenic route for cyclists and walkers. Bucktown is also made beautiful by historic luxury single-family homes and small apartment buildings. The Ukrainian Village neighborhood is filled with historic churches and museums along with independent theatre companies and music venues, illustrating the endless amount of things to do. The neighborhood is connected by main streets including Division, Chicago, and Grand Avenue that are lined with galleries and independent coffee shops.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Financing By

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