Mixed-Use

2622 West Division Street

Listing Price: $1,045,000

Cap Rate
6.32%
Number of Units
6
Price/Unit
$174,167
Price/Gross SF
$227.08
Gross SF
4,602

Investment Overview

Marcus & Millichap is proud to present this fully leased mixed use investment opportunity located in the Humboldt Park neighborhood of Chicago, Illinois. The unit mix is composed of two two-bedroom/one-bathroom units, four one-bedroom/one-bathroom units and a retail storefront. The apartments feature hardwood flooring, in-unit laundry, central heating and A/C, copper plumbing, and exposed brick.

The retail tenant, Sigma Surgical Supply, signed a brand new three-year lease commencing on 7/1/2020. Sigma Surgical Supply is a Medicare enrolled Durable Medical Equipment & Medical Supplies Supplier in Chicago, Illinois. Sigma Surgical Supply supplies Medicare equipment and products such as CPAP, RADs and related supplies and accessories, commodes, urinals, bedpans, canes, crutches, breast prostheses and accessories, and blood glucose monitors and supplies. This well-established business is relocating to this more desirable location from a store further west on Division Street.

Investment Highlights

  • 6 Unit Mixed-Use Building Including One Non-Conforming Garden Unit
  • Commercial Space Occupied by Medical Supplier Sigma Surgical Supply
  • Brand New Lease Signed Through June 2023
  • New Roof Within Past Five Years
  • Apartments Feature In-Unit Laundry

Exclusively Listed By

  • Kyle A. Stengle

    Senior Vice President Investments

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

  • Steve Rachman

    First Vice President Investments

    Email Steve

    License(s): IL: 471.011504

    Chicago Downtown

  • Charles Bell

    Associate

    (312) 327-5400

    Email Charles

    License(s): IL: 475.174236

    Chicago Downtown

Listing Price: $1,045,000

Cap Rate
6.32%
Number of Units
6
Price/Unit
$174,167
Price/Gross SF
$227.08
Gross SF
4,602

Investment Highlights

  • 6 Unit Mixed-Use Building Including One Non-Conforming Garden Unit
  • Commercial Space Occupied by Medical Supplier Sigma Surgical Supply
  • Brand New Lease Signed Through June 2023
  • New Roof Within Past Five Years
  • Apartments Feature In-Unit Laundry

Investment Overview

Marcus & Millichap is proud to present this fully leased mixed use investment opportunity located in the Humboldt Park neighborhood of Chicago, Illinois. The unit mix is composed of two two-bedroom/one-bathroom units, four one-bedroom/one-bathroom units and a retail storefront. The apartments feature hardwood flooring, in-unit laundry, central heating and A/C, copper plumbing, and exposed brick.

The retail tenant, Sigma Surgical Supply, signed a brand new three-year lease commencing on 7/1/2020. Sigma Surgical Supply is a Medicare enrolled Durable Medical Equipment & Medical Supplies Supplier in Chicago, Illinois. Sigma Surgical Supply supplies Medicare equipment and products such as CPAP, RADs and related supplies and accessories, commodes, urinals, bedpans, canes, crutches, breast prostheses and accessories, and blood glucose monitors and supplies. This well-established business is relocating to this more desirable location from a store further west on Division Street.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Vice President Investments

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

  • Steve Rachman

    First Vice President Investments

    Email Steve

    License(s): IL: 471.011504

    Chicago Downtown

  • Charles Bell

    Associate

    (312) 327-5400

    Email Charles

    License(s): IL: 475.174236

    Chicago Downtown

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