2000 N Milwaukee Ave - Apartments FOR SALE


Chicago, IL 60647- Logan Square
$7,699,000 USD
847-989-3017
2000 N Milwaukee Ave, Chicago, IL for Sale
$7,699,000 USD
Apartments - FOR SALE
1/21
null | 6.23% Cap Rate

2000 N Milwaukee Ave
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • 15 Luxury Apartments + 2 Retail Spaces in Prime Logan Square Location
  • 2 Bedrooms = 1,035 SF Average; One Beds = 838 SF
  • Current Average Rents = $2.91 PSF; Nearby Properties Averaging $3.50 - $4 PSF
  • Indoor/Outdoor Parking Options + Elevator
  • Steps to Western “L” Blue Line Station + Armitage & Milwaukee Bus Routes
  • New Trader Joe’s Grocery Store Opening Within Steps of Property

OVERVIEW

2000 North Milwaukee Avenue, a newer construction mixed-use property featuring 15 luxury apartments + 2 ground-floor commercial spaces, has been engaged to market for sale. Built in 2007, the property combines oversized apartments, indoor/outdoor parking, an elevator and prime retail space at the hard corner intersection of Armitage & Milwaukee Avenues in Chicago's fast growing Logan Square neighborhood. CONTEMPORARY MIXED-USE PROPERTY Originally built as condominiums, the property features 838 SF one bedrooms and 1,035 SF two bedrooms that live more as homes than typical apartments. Interiors showcase high-quality finishes including floor-to-ceiling windows, LVT flooring, stainless steel appliances, granite countertops, tiled bathrooms, individual HVAC systems, in-unit laundry, and private balconies in a majority of units. Additional building amenities include an elevator and 16 indoor/outdoor parking options. The two commercial spaces are leased to long term tenant MK Construction & Builders Inc. and Coach Tom Chicago. Located at the stoplight corner of Milwaukee and Armitage Avenues, the retail spaces benefit from high pedestrian and vehicular traffic and excellent visibility. EXCEPTIONAL LOGAN SQUARE LOCATION Located approximately three miles northwest of downtown Chicago, the building provides convenient access to the CTA Blue Line and multiple bus routes, along with the Kennedy Expressway & Clybourn Metra Stop, ensuring seamless connectivity throughout the city & suburbs. Residents enjoy Logan Square's renowned dining, entertainment, and shopping options, along with scenic boulevards and the charm of Logan and Palmer Squares, making this an exceptionally desirable neighborhood.

FOR SALE DETAILS

PRICE

$7,699,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

17

PRICE/UNIT

$452,882

CAP RATE

6.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2000 Milwaukee

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2007

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

B3-2, Chicago

APN/PARCEL ID

13-36-230-040-0000,13-36-230-041-0000

ASK ABOUT THIS PROPERTY

Jordan GottliebEssex Realty Group, LLCMore Info
847-989-3017

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Jordan GottliebEssex Realty Group, LLCMore Info
847-989-3017

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