Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 7559 N. Ridge Blvd. (the “Property”), a twenty-seven unit mixed-use condominium deconversion opportunity located on a prominent, double stoplight corner in Chicago’s Rogers Park neighborhood. Greenstone Partners has been engaged to represent the 7559 Ridge association in the marketing of all the condominium units Per Section 15 of the Illinois Condominium Act.

The unit mix includes eleven (11) ground floor commercial storefronts, six (6) 2 Bed / 1 Bath units, eight (8) 2 Bed / 2 Bath units, and two (2) 3 Bed / 1 Bath layouts. The residential condos have received various updates over the years to meet modern rental standards, with finishes that vary from unit to unit. Most are leased to subsidy tenants, providing top-of-market rents and reliable collections. The eleven commercial units are currently delivered vacant, offering flexibility to convert the majority into live/work layouts or reconfigure for new commercial tenants. Basement space offers creative expansion potential for the commercial layouts. Additionally, the property includes eight deeded, secure parking spaces in the rear, with potential to expand to twelve total spaces.

The property features individual gas forced-air furnaces, separately metered electric and cooking gas, and domestic hot water from two central heaters. All units include laundry hookups, with select units offering in-unit laundry. Recent capital improvements include roof patching, steel porch systems, vinyl windows, and tuckpointing.

With a desirable unit mix, consistent neighborhood housing demand, secure on-site parking, and upside through repositioning the commercial storefronts, the Property presents significant value-add potential for an investor to capitalize on.