Contacts

Adam Thomas

SVN | Chicago Commercial

Property Details

Property Type Multi-Family
Property Size 4,549 SF
Units 3
Lot Size 0.07 Acre
Property Tenancy Multi-Tenant
Date Updated Apr 28, 2026

This offering features a fully occupied, stabilized two-story mixed-use building consisting of one NNN retail unit, two residential units, and a 2-car garage. The retail space is leased to Passages Bookstore and Wine Bar through March 2029. The asset is located within the Chicago Avenue TOD overlay boundary and features newly renewed residential leases. West Town is one of Chicago's most dynamic submarkets, known for its historic character, modern development, and highly walkable, amenity-rich environment.This offering features a fully occupied, stabilized two-story mixed-use building consisting of one NNN retail unit, two residential units, and a 2-car garage. The retail space is leased to Passages Bookstore and Wine Bar through March 2029. The asset is located within the Chicago Avenue TOD overlay boundary and features newly renewed residential leases. West Town is one of Chicago's most dynamic submarkets, known for its historic character, modern development, and highly walkable, amenity-rich environment. Owned by an Illinois licensed real estate broker.

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Highlights

B3-2 zoning permits residential above ground floor with broad commercial use allowance
Excellent retail co-tenancy in the immediate area, including Brasero, Guillotine Bakery, Roots Handmade Pizza, Mariano's, Lao Peng You, Altar Cafe, Nettare, Arami, Beatnik, Sprout Home, West Town Bakery, and more.
Fully occupied, stabilized asset with newly renewed residential leases
Located within the Chicago Avenue TOD overlay boundary
Owned by an Illinois licensed real estate broker (disclosure required)
Retail tenant: Passages Bookstore and Wine Bar, NNN lease through 3/15/2029, one (1) 5-year option at FMV
Room for rent growth: retail at $28/SF NNN, below current Chicago Ave market rates