1959 W Cortland St - Storefront Retail/Residential FOR SALE


Chicago, IL 60622- Bucktown
$2,125,000 USD
312-505-1610
1959 W Cortland St, Chicago, IL for Sale
$2,125,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 8% Cap Rate

1959 W Cortland St
Chicago, IL 60622
Bucktown


HIGHLIGHTS

  • Cash flow investment property
  • wholly owned subsidiary of Compass Real Estate, publicly traded on the NYSE
  • Corner property in the heart of Bucktown
  • 8% CAP

OVERVIEW

A great investment property in the heart of the Bucktown neighborhood in Chicago. Over 75% of the monthly income comes from @properties and Christies International Real Estate. In January 2025, @propeties was acquired for over $440 million by Compass, one of the largest US residential real estate companies with over $180 billion in sales volume and publicly traded on the NYSE with a market cap of approximately $3 billion. @properties has been at this location for over 18 years and recently extended their lease until 2030, showing their commitment to this office. The remaining income comes from two residential units. Strong income demographics.

FOR SALE DETAILS

PRICE

$2,125,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

N Damen Ave.

LAND ACRES

0.07 AC

LAND SF

3,123 SF

ZONING

B3-2

APN/PARCEL ID

14-31-408-001-0000

ASK ABOUT THIS PROPERTY

Michael RourkeAt PropertiesMore Info
312-505-1610

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Michael RourkeAt PropertiesMore Info
312-505-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.