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2325 W North AveChicago, IL 60647
2325 W. North Ave.
Asset ClassMultifamily, Mixed Use, Retail
Deal Size$2.21 M
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 2325 W. North Avenue (the “Property”), ±6,930 square foot corner mixed-use property situated upon ±3,091 square feet of land. The Property is comprised of one (1) ground floor physical therapy tenant, four (4) renovated residential units and 2 car garage.

 

The ground floor is occupied by Balanced Flow Wellness, a medical group practice that specializes in physical medicine and rehabilitation, operating on a net lease with nine (9) years of term remaining with an additional 5-year renewal option. The second and third floors consist of three (3), 3-bedroom/ 2-bathroom units, and one (1), 3 bedroom/ 1 bathroom unit. All units feature modern finishes, in-unit laundry, individual HVAC and hot water heaters.

 

Located in Chicago’s bustling neighborhood of Wicker Park, the Property benefits from a desirable location to live, work and play. Just three miles northwest of the Loop, Chicago’s Wicker Park neighborhood has flourished into a prominent shopping and dining district. Thousands of daily retail customers visit Wicker Park while The Robey, a newly renovated boutique hotel consisting of 89 guest rooms, welcomes the growing tourism population.

 

The Property is located 0.4 miles west of the CTA Damen Blue Line ‘L’ Station which serves over 2,000,000 passengers annually and connects Wicker Park to O’Hare International Airport and downtown Chicago’s Loop. The CTA #72 and #49 bus routes run along North Ave. and Western Ave.

 

Within 1-mile, demographics include an average household income of $143,511 and a total population of 66,653.

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Investment Highlights

⦿ IRREPLACEABLE LOCATION

 

⦿ NET LEASE MEDICAL TENANT

 

⦿ RENOVATED APARTMENTS

 

⦿ EXCEPTIONAL ACCESS TO PUBLIC TRANSIT

 

⦿ STRONG DEMOGRAPHICS

2325 W North AveChicago, IL 60647

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Listing provided by Revere CRE