Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1900–1904 N. Milwaukee Ave. (the “Property”), an exceptional nine-unit mixed-use investment located in Chicago’s highly desirable Bucktown neighborhood. Offered for the first time in over 42 years, the Property represents a unique opportunity to acquire a long-held, well-maintained asset situated along one of Chicago’s most dynamic and rapidly appreciating commercial corridors.

The property consists of three ground-floor commercial spaces, one one-bedroom/one-bath apartment, two one-bedroom/one-bath + den apartments, one two-bedroom/one-bath apartment, and two oversized four-bedroom/two-bath loft units. Apartment finishes vary by unit, with shared coin laundry serving the one- and two-bedroom apartments, while both loft units feature in-unit laundry and dishwashers. The rear of the property is accessed via a public alley and includes four surface parking spaces, providing an opportunity for additional rental income.

Key building features include individual furnaces, separately metered electric, and individual hot water heaters, allowing tenants to pay all utility expenses. Capital improvements include Thermopane windows throughout, a complete tear-off roof across all parcels (2011), extensive masonry repairs completed in 2023 and 2025, replacement of most hot water heaters, and additional improvements outlined on page 6.

This offering presents investors with multiple value-add strategies, including gut renovating the existing layouts, reconfiguring the larger units at 1902–04 to create additional apartments, or pursuing a redevelopment opportunity on the 66’ x 100’ site located just steps from the Western Blue Line station within a favorable Transit-Oriented Development (TOD) area. The property retains its legacy M1-1 zoning designation from the 1980s, while much of the surrounding Milwaukee Avenue corridor has since been rezoned to accommodate higher-density mixed-use development.

With its irreplaceable Bucktown location, strong underlying real estate fundamentals, significant value-add potential, and development optionality, 1900–1904 N. Milwaukee Ave. represents a rare opportunity to acquire a generational asset in one of Chicago’s most sought-after locations.