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Mixed-Use

1474 North Milwaukee Avenue

1474 N Milwaukee Ave, Chicago, IL 60622

Listing Price: $3,600,000

Cap Rate
7.16%
Number of Units
4
Occupancy
95.0%
Price/Unit
$900,000
Price/Gross SF
$344.00
Gross SF
10,465

Investment Overview

Marcus & Millichap is pleased to present this mixed use opportunity in the sought after Wicker Park neighborhood of Chicago, Illinois. This property consists of one two-bedroom/two-bath, one three-bedroom/ two bath, one four-bedroom/four-bath, and one commercial space occupied by Body Bar. The apartments were gut renovated in 2021 and feature wood flooring, quartz countertops, stainless steel appliances, modern bathrooms, and new exposed brick walls. These units offer a value-add upside opportunity through strategic lease-up.
The subject property features a prime location within Wicker Park, sitting within one block of Milwaukee Avenue offering unmatched visibility, foot traffic, and access to CTA Blue Line transit.
LOCATION ADVANTAGES
Located in Wicker Park/Bucktown, an area renowned for its trendy shops and restaurants, this property offers great tenant demand and investment potential.
• Public Transit: The property is within walking distance of CTA Blue Line and multiple bus routes, offering convenient access to downtown Chicago.
• Retail & Entertainment: The area boasts a lively art scene, bars, restaurants, and boutique shops, contributing to a strong rental market.
• Commuting: With easy access to I-90/94, residents can quickly connect to the city’s major employment hubs and cultural attractions.

Investment Highlights

  • PRIME WICKER PARK LOCATION
  • THREE APARTMENTS ONE COMMERCIAL
  • SHORT WALK TO CTA'S DAMEN BLUE LINE
  • COMMERCIAL OCCUPIED BY NATIONALLY RECOGNIZED TENANT

Exclusively Listed By

Mixed-Use

1474 North Milwaukee Avenue

Listing Price: $3,600,000

Cap Rate
7.16%
Number of Units
4
Occupancy
95.0%
Price/Unit
$900,000
Price/Gross SF
$344.00
Gross SF
10,465

Investment Highlights

  • PRIME WICKER PARK LOCATION
  • THREE APARTMENTS ONE COMMERCIAL
  • SHORT WALK TO CTA'S DAMEN BLUE LINE
  • COMMERCIAL OCCUPIED BY NATIONALLY RECOGNIZED TENANT

Investment Overview

Marcus & Millichap is pleased to present this mixed use opportunity in the sought after Wicker Park neighborhood of Chicago, Illinois. This property consists of one two-bedroom/two-bath, one three-bedroom/ two bath, one four-bedroom/four-bath, and one commercial space occupied by Body Bar. The apartments were gut renovated in 2021 and feature wood flooring, quartz countertops, stainless steel appliances, modern bathrooms, and new exposed brick walls. These units offer a value-add upside opportunity through strategic lease-up. The subject property features a prime location within Wicker Park, sitting within one block of Milwaukee Avenue offering unmatched visibility, foot traffic, and access to CTA Blue Line transit. LOCATION ADVANTAGES Located in Wicker Park/Bucktown, an area renowned for its trendy shops and restaurants, this property offers great tenant demand and investment potential. • Public Transit: The property is within walking distance of CTA Blue Line and multiple bus routes, offering convenient access to downtown Chicago. • Retail & Entertainment: The area boasts a lively art scene, bars, restaurants, and boutique shops, contributing to a strong rental market. • Commuting: With easy access to I-90/94, residents can quickly connect to the city’s major employment hubs and cultural attractions.

Exclusively Listed By

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