Home Details for 1947 W Chicago Avenue

Triton is pleased to offer for sale 1947 W. Chicago Ave., a six (6) unit mixed-use investment property located in the heart of Chicago's desirable West Town neighborhood. This offering presents an investor the opportunity to acquire a renovated, stabilized asset with an attractive and diversified income stream. The building features five (5) apartments and one (1) ground floor retail space. The retail space is currently leased to the West Town Chicago Chamber of Commerce through Feb 2029 and houses local small businesses, providing immediate and stable cash flow.. The current vendor is Marci Maxine Vintage + Art Studio. The apartment unit mix has four (4) 1-bedroom / 1-bath apartments and one (1) 3-bedroom / 2-bath penthouse apartment. Each unit features separate tenant paid electric, HVAC, in-unit washer and dryer and well laid out floor plans. 1947 W. Chicago sits a vibrant prime West Town location, a neighborhood known as a cultural hub with premier shopping and dining options. The Neighborhood's diverse history, brought by the various sub neighborhoods it encompasses (including East Village, Ukrainian Village, and Wicker Park, among others), has contributed to its unique character. The property is ideally positioned directly on bustling Chicago Avenue with cross street Damen Avenue, providing excellent visibility and foot traffic for the retail tenant, and offering residents convenient access to all the neighborhood has to offer. The location also benefits from close proximity to public transportation, offering seamless connectivity throughout Chicago. An investor has the opportunity to acquire a renovated asset with rental upside in existing condition. While the property currently provides a stable income, there is potential to increase rents on the residential units through cosmetic renovations. The desirable location and evolving neighborhood dynamics provide a strong foundation for future rental growth and capital appreciation.

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