Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1474 N. Milwaukee Ave (the “Property”), a 100% leased, urban infill mixed-use investment prominently located in Chicago’s vibrant Wicker Park neighborhood.

1474 N. Milwaukee Ave is a three-story, ±9,100 square foot mixed-use building, with one retail space on the ground floor and three apartment units on the upper floors. The retail is occupied by BODYBAR Pilates, operating on a brand new 10-year net lease with 2.5% annual rental escalations. The three apartment units consist of one (1) 2-bed / 2-bath unit, one (1) 3-bed / 2-bath unit, and one (1) 4 bed / 4 bath duplex unit. The apartments were recently renovated to feature condo-quality finishes and brand-new kitchen and bathrooms.

The Property is just steps from the six-way intersection epicenter of North, Damen, and Milwaukee Avenues with exceptional pedestrian and vehicle traffic counts (45,900 VPD). The Wicker Park neighborhood has flourished into a highly desirable residential market, as well as a prominent “high-street” shopping district with thousands of daily retail customers. The Property benefits from its proximity to the Kennedy Expressway (Interstate 90/94), the CTA Damen Blue Line ‘L’ station, and The 606, Chicago’s first elevated park.

Within 1-mile, demographics include an average household income of $150,000, a median home value of $558,000 and a total population of 58,476.