Mixed-Use

958 W Armitage Ave

958 W Armitage Ave, Chicago, IL 60614

Listing Price: $3,095,000

Cap Rate
5.26%
Number of Units
7
Price/Unit
$442,143
Price/Gross SF
$461.94
Gross SF
6,700

Investment Overview

Marcus & Millichap is pleased to present this mixed use opportunity in this high demand Lincoln Park location in Chicago, Illinois. This flagship corner building consists of four apartments and three retail spaces. The apartments are well-kept with hardwood floors, in-unit laundry, individual HVAC, and fireplaces. The retail space is a value- add opportunity by stabilizing the retail with new, long-term tenants. The subject property is steps from Chicago Transit Authoritys (CTA) train stop, a two-minute walk to CTAs 73 bus stop, and a seven- minute walk to the Clybourn Corridor. The property has a Walk Score of 97, and is deemed to have excellent access to transit along with being very bikeable

Investment Highlights

  • High Demand Lincoln Park Location in Chicago, IL
  • Features Outdoor Sitting Area
  • Within Steps of the Armitage Brown Line Train Stop

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

Listing Price: $3,095,000

Cap Rate
5.26%
Number of Units
7
Price/Unit
$442,143
Price/Gross SF
$461.94
Gross SF
6,700

Investment Highlights

  • High Demand Lincoln Park Location in Chicago, IL
  • Features Outdoor Sitting Area
  • Within Steps of the Armitage Brown Line Train Stop

Investment Overview

Marcus & Millichap is pleased to present this mixed use opportunity in this high demand Lincoln Park location in Chicago, Illinois. This flagship corner building consists of four apartments and three retail spaces. The apartments are well-kept with hardwood floors, in-unit laundry, individual HVAC, and fireplaces. The retail space is a value- add opportunity by stabilizing the retail with new, long-term tenants. The subject property is steps from Chicago Transit Authoritys (CTA) train stop, a two-minute walk to CTAs 73 bus stop, and a seven- minute walk to the Clybourn Corridor. The property has a Walk Score of 97, and is deemed to have excellent access to transit along with being very bikeable

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

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