Investment Overview

PROPERTY OVERVIEW 3905 North Western Avenue is a premier, newer construction, mixed-use asset located in the heart of Chicago’s highly sought-after North Center neighborhood. Positioned along a major commercial and transit corridor, the property benefits from strong visibility, walkability, and long-term demand drivers that distinguish North Center as one of the city’s most stable and family-oriented submarkets. The asset consists of 30 luxury apartment units and 4 street-level commercial spaces with long term tenants, providing a balanced blend of residential income supported by neighborhood-serving retail. The building’s modern construction, with elevators, and mixed-use configuration align with the surrounding streetscape and reinforce its role as a long-term infill asset in a fully developed neighborhood with limited new supply. North Center is widely recognized for its strong school systems, high household incomes, and low historical vacancy, making it one of Chicago’s most defensive residential markets. The property is located near the intersection of Western Avenue and Byron Street, offering residents direct access to public transportation, grocery-anchored retail, dining, and everyday conveniences. CTA Brown Line stations at Irving Park and Western, along with multiple bus routes, provide efficient connectivity to downtown and surrounding employment hubs, further strengthening renter demand. UNIT MIX The residential component is intentionally weighted toward larger-format floor plans that cater to North Center’s core renter demographic of families, professionals, and long-term residents seeking neighborhood stability and quality housing. 12 UNITS: 2 BEDROOM / 2 BATHROOM 18 UNITS: 3 BEDROOM / 2 BATHROOM All residential units feature private balconies and modern interior finishes consistent with contemporary urban living standards. COMMERCIAL COMPONENT The property includes 4 street-level commercial units situated along Western Avenue, one of the neighborhood’s primary retail corridors. These spaces are occupied by neighborhood-oriented tenants that benefit from strong daytime population, steady foot traffic, and prominent street exposure. The retail component enhances the property’s mixed-use character while contributing stable income and reinforcing the asset’s integration within the local community. NEIGHBORHOOD & LIFESTYLE APPEAL North Center offers a unique blend of urban convenience and residential character. The neighborhood is defined by tree-lined streets, established housing stock, and a strong sense of community, while still maintaining proximity to downtown Chicago. Residents benefit from immediate access to parks, fitness studios, cafes, breweries, and nationally recognized retailers such as Trader Joe’s and Jewel-Osco. The area is anchored by top-performing public and private schools, which continues to attract families and long-term renters. In addition, the surrounding retail and dining scene has continued to evolve, reinforcing North Center’s position as one of Chicago’s most desirable North Side neighborhoods. INVESTMENT RATIONALE 3905 North Western Avenue offers investors exposure to a supply-constrained, high-income submarket with proven long-term demand drivers. The combination of strong schools, transit access, and neighborhood retail infrastructure supports durable occupancy and consistent tenant retention. The unit mix, weighted toward larger two- and three-bedroom layouts, aligns with the area’s demographic profile and provides differentiation from smaller-format developments in adjacent neighborhoods. With modern construction in a premier infill location, the asset is well positioned to perform through market cycles and offers a compelling opportunity to acquire a high-quality mixed-use property in one of Chicago’s most stable North Side communities.