Introducing 1620 W Chicago Ave, a prime investment opportunity in the heart of Chicago. This distinguished 21,456 SF building, constructed in 1921, offers 8 units ideal for office or office building use. Spectacular vintage facade with high-end contemporary interior finishes. Recent full-building renovations. Rooftop deck with incredible views of downtown Chicago. This property is an exceptional prospect for astute investors seeking a well-positioned asset in a thriving commercial district.
$25.00/SF Modified Gross for the first floor. $20.00/SF Modified Gross for the upper floors.
Bustling West Town/Ukranian Village location on Chicago Avenue just West of Ashland Avenue. Close proximity to North Michigan Avenue, Chicago's Loop and Fulton Market areas. Close to I-90/94 Expressways.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.