Premier West Town Corner Building

For Sale

1859 W Chicago Ave, Chicago, IL 60622

This Chicago property for sale is located at 1859 W Chicago Ave. The current listed sale price for Premier West Town Corner Building is $2,999,000. Premier West Town Corner Building is situated on a lot that is 0.07 acre in size.

Contacts

broker

Drew Dillon

SVN | Chicago Commercial

(734) 223-2315

Property Details

  • Property Type Multi-Family
  • Property Size 9,267 SF
  • Units 7
  • Lot Size 0.07 Acre
  • Year Built 1890
  • Year Renovated 2020
  • Date Updated Apr 23, 2024
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 which contributes to the neighborhoods desirability and charm. Chicago Avenue is 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.1859 W Chicago Ave is a ±9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago’s Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo’s Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano’s. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.

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Highlights

  • Excellent West Town signalized corner location
  • Stabilized asset with a strong tenant mix and room for rent growth
  • Highly desirable brick building
  • Fully rehabbed armchair investment
  • Located within the Chicago Avenue T.O.D boundaries
  • Highly stable retail tenant (Veterinarian Office) with long- term lease
  • This property is owned by an Illinois Real estate broker

Getting around

  • 95/100

    Walk Score ®

  • 68/100

    Transit Score ®

  • 97/100

    Bike Score ®

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Location

  • City Chicago, IL
  • Neighborhood West Town
  • Zip Code 60622
  • Market Chicago

Points of Interest

  • Division

    0.66 miles

  • Ashland

    0.83 miles

  • Western Avenue

    0.84 miles

  • Chicago

    0.98 miles

  • Damen

    0.99 miles

  • Morgan

    1.37 miles

  • California

    1.38 miles

  • Illinois Medical District

    1.39 miles

  • Grand

    1.40 miles

  • Clybourn

    1.51 miles

  • Shell

    0.28 miles

  • Marathon

    0.41 miles

  • Shell

    0.50 miles

  • Citgo

    0.52 miles

  • Shell

    0.63 miles

  • BP

    0.71 miles

  • Shell

    0.80 miles

  • BP

    0.84 miles

  • Citgo

    0.93 miles

  • BP

    1.05 miles

  • 1628 W Division

    0.64 miles

  • A

    0.91 miles

  • Bus Parking

    0.92 miles

  • Club/Premium

    0.96 miles

  • C Suites

    0.96 miles

  • E Uber

    0.99 miles

  • G

    1.03 miles

  • H

    1.05 miles

  • f

    1.05 miles

  • Disabled

    1.07 miles

  • Alexandra's place

    0.50 miles

  • Holiday Jones

    0.53 miles

  • IHSP Chicago Hostel

    1.08 miles

  • Hyatt Place Chicago / Wicker Park

    1.08 miles

  • Urban Holiday Lofts

    1.17 miles

  • Hotel Chicago West Loop

    1.28 miles

  • Hyatt House

    1.31 miles

  • Hoxton Hotel

    1.47 miles

  • NoBu Hotel

    1.49 miles

  • Hyatt Place Chicago - Medical / University District

    1.51 miles

  • Mariano's Fresh Market

    0.20 miles

  • Target

    0.59 miles

  • Jewel-Osco

    0.79 miles

  • Municipal Foods

    1.01 miles

  • Restaurant Depot

    1.21 miles

  • Pete's Fresh Market

    1.21 miles

  • ALDI

    1.28 miles

  • Local Foods

    1.39 miles

  • LCM Dollar

    1.43 miles

  • Whole Foods Market

    1.43 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Drew Dillon

SVN | Chicago Commercial

(734) 223-2315