3-Unit Mixed-Use Building

Highlights

• Excellent West Town corner location
• Stabilized asset with a strong tenant mix
• Highly desirable brick building
• Fully rehabbed armchair investment
• Located within the Chicago Avenue T.O.D boundaries
• Broker Owned

Description

Located on the corner of Chicago Ave and Winchester Ave in the heart of Chicago’s Ukrainian Village neighborhood. The property is currently fully occupied by three tenants, West Town Market, School of Rock, and one 3-bed, 2-bath residential unit. All three units have been fully rehabbed The building also has an income-producing electronic sign.
This corner location is next door to Dante’s Pizzeria and across the street from Roots Pizza, West Town Bakery, and Cleo’s Bar. The property is also just 1.5 blocks from the neighborhood grocery store, Mariano’s. This corner location with sidewalk cafe potential is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. The subject property is owned by a licensed Illinois Commercial Real Estate Broker.

The West Town area of Chicago is bordered by Wicker Park, East Village, Noble Square, and Ukrainian Village. Originally occupied by Ukrainian immigrants in the early 1900s this neighborhood has long been a stable community and has flourished in recent years. Tree-lined streets; strong housing stock and its proximity to Chicago’s downtown have made this neighborhood a favorite choice to Chicago’s residents. Online real estate website Redfin.com even named Ukrainian village the hottest neighborhood in the nation in 2016.
The West Town Retail Corridor located on Chicago Avenue is the main retail corridor in the neighborhood. Many retail stores restaurants and service retail businesses operate on Chicago Avenue proving itself to be a dining destination with one restaurant Vajra added to the 2021 Michelin Bib Gourmand list and newcomer Porto receiving one Michelin Star.

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