Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the Portage Park neighborhood of Chicago. The subject property of 4161 North Milwaukee Avenue is located 8.5 miles northwest of Chicago’s downtown loop area, 0.8 miles south of the CTA’s Montrose Blue Line train station, 0.5 miles south of the Metra’s MD-N train station, and located at the property is the CTA’s Milwaukee & Berteau bus 56 stop. The unit mix for the subject property consists of 5 first floor retail suites that measure from 650-1,200 square feet, one studio that measures 450 square feet, eight one-bedroom one-bathroom units that measure 700 square feet, and three two-bedroom one-bathroom units that measure 900 square feet. For the apartments, most of the units have renovated cabinets and there is on-site laundry available to the tenants. Recent updates to the property include the water tank in 2018, the windows and the boiler. The roof is in good condition. In addition, each store has an individual HVAC unit and a camera system has been installed. Portage Park is located on the Northwest side of Chicago and is one of the 77 community areas that make up the city of Chicago. The neighborhood is packed with classic Chicago style bungalow homes and is named for its picturesque park. The subject property is located within walking distance to Portage park and major retail corridors of Irving Park Road, Milwaukee Avenue, and Cicero Avenue.