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1421 W Chicago Avenue Chicago, IL 60642

$2,995,000
New / MLS# 12711342 / Multi Unit - Multiple / Chicago
0 Beds

1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood's most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today's renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago's most supply-constrained rental markets.

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Baird & Warner Jack Persin Agent Cell: 630.240.4282 Email

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Estimated Payment

$ 10,155.43 per month $6,655.56 Principal & Interest $2,626.33 Property Tax $873.54 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 4.0
Taxes: $31,516
Year Built: 1950

Feature Descriptions

Exterior: Brick
HVAC: Central Heat/Indiv Controls, Gas
Lot Dimensions: 25x124
Parcel#: 17081020070000
Units: 8

Location

See details and scored characteristics about this location.

Listing Office: Compass

Listing Office Phone: 312-319-1168



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