Mixed-Use

5256 W North Ave

5256 W North Ave, Chicago, IL 60639

Listing Price: $1,275,000

Cap Rate
6.70%
Number of Units
18
Price/Unit
$70,833
Price/Gross SF
$91.07
Gross SF
14,000

Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the Austin neighborhood of Chicago, Illinois. The subject property of 5256 West North Avenue is located 9.7 miles west of Chicago's downtown loop area, 3.2 miles north of the I-290 Eisenhower Expressway, 0.9 miles southwest of the Grand & Cicero Metra Electric MD-W train station, and 200 feet from the CTA's North Avenue & Lockwood bus 72 stop. The unit mix for the subject property consists of three first floor retail spaces that measure 800-1,000 square feet, eight one-bedroom/one-bathroom units that measure 700 square, and seven two-bedroom/one-bathroom units that measure 800-850 square feet.

Austin is located on the West Side of Chicago and is one of 77 officially designated community areas in Chicago. It is currently the largest community area by population and the second largest geographically. With the second largest neighborhood population in the city, Austin has just over 97,000 permanent residents. The neighborhood is serviced by three different train lines: the CTA's Blue and Green Lines as well as the Metra Electric Milwaukee District West Line. The subject property is located just north of the retail corridor of Madison Street, offering residents a wide variety of national and local brands.

An investor can take full advantage of this real estate opportunity by capitalizing on the prime location and ability to raise current rents to conform with the market.

Investment Highlights

  • Austin Neighborhood Location
  • New Electrical Throughout Building
  • Tenants Pay All Utilities
  • New 800 Amp Service to Building
  • Mostly All Copper Plumbing
  • All New Doors & Windows

Exclusively Listed By

Listing Price: $1,275,000

Cap Rate
6.70%
Number of Units
18
Price/Unit
$70,833
Price/Gross SF
$91.07
Gross SF
14,000

Investment Highlights

  • Austin Neighborhood Location
  • New Electrical Throughout Building
  • Tenants Pay All Utilities
  • New 800 Amp Service to Building
  • Mostly All Copper Plumbing
  • All New Doors & Windows

Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the Austin neighborhood of Chicago, Illinois. The subject property of 5256 West North Avenue is located 9.7 miles west of Chicago's downtown loop area, 3.2 miles north of the I-290 Eisenhower Expressway, 0.9 miles southwest of the Grand & Cicero Metra Electric MD-W train station, and 200 feet from the CTA's North Avenue & Lockwood bus 72 stop. The unit mix for the subject property consists of three first floor retail spaces that measure 800-1,000 square feet, eight one-bedroom/one-bathroom units that measure 700 square, and seven two-bedroom/one-bathroom units that measure 800-850 square feet.

Austin is located on the West Side of Chicago and is one of 77 officially designated community areas in Chicago. It is currently the largest community area by population and the second largest geographically. With the second largest neighborhood population in the city, Austin has just over 97,000 permanent residents. The neighborhood is serviced by three different train lines: the CTA's Blue and Green Lines as well as the Metra Electric Milwaukee District West Line. The subject property is located just north of the retail corridor of Madison Street, offering residents a wide variety of national and local brands.

An investor can take full advantage of this real estate opportunity by capitalizing on the prime location and ability to raise current rents to conform with the market.

Exclusively Listed By

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