1421 W Chicago Avenue,Chicago, IL 60642
Chicago, IL 60642
Description
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.
Details
| MLS # | 12711342 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 54 |
| Listing Provided By | Compass | Charlie Cohen |
Features
| Story(s) | 4 |
|---|---|
| Units | 8 |
| Acreage | 0.07 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Brick |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 31516 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60642 |
| Area | CHI West Town |
| Listing VS Median (in 60642) | |
Price: $2,995,000 low | high Med: $504,900 On site: 54 low | high Med: 114 | |
Market Activity 60642
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60642 |
| Area | CHI West Town |
| Listing VS Median (in 60642) | |
Price: $2,995,000 low | high Med: $504,900 On site: 54 low | high Med: 114 | |
