Investment Overview

Marcus & Millichap is pleased to present this mixed use opportunity in the Lakeview neighborhood of Chicago, Illinois. The subject property consists of seven units and three commercial spaces. This property features new high-end finishes in the apartments including stainless steel appliances and granite countertops, in-unit laundry, and there is on-site parking for tenants. The subject property has an irreplaceable location on the Southport Corridor just off the Lincoln Avenue intersection, known for being lined with major retailers and boutique shops. These streets are main arteries for the city, and tenants can easily walk to public transit. The subject property is a 11-minute walk to both Chicago Transit Authority’s (CTA) Wellington Brown Line Stop and the Southport Brown Line stop. The property is also within walking distance of DePaul University’s campus as well as Wrigley Field. The neighborhood of Lakeview is a colorful area featuring a wide span of activities and places to visit. Chicagoans are drawn to the area because of its accessibility via CTA transit. There are numerous entertainment venues – over 20 different theaters, dance studios, and comedy companies reside in Lakeview. Lakeview also takes advantage of the great parks that Lincoln Park has to offer, including the Lakefront Trail, golf course and driving range, and beachfront. Chicagoans are also drawn to the numerous popular breweries and restaurants in Lakeview, including Ann Sather’s and DryHop. The surrounding blocks of Wrigley Field are invested in by business owners through restaurants and stores. The Ricketts Family, owner of the Cubs, have invested in properties and rooftops to allow local businesses to boost revenue and celebrate the Cubs’ presence.