2301 W Chicago Ave - Apartments FOR SALE


Chicago, IL 60622- West Town
$2,350,000 USD
312-575-0480
2301 W Chicago Ave, Chicago, IL for Sale
$2,350,000 USD
Apartments - FOR SALE
1/19
null | 7% Cap Rate

2301 W Chicago Ave
Chicago, IL 60622
West Town


HIGHLIGHTS

  • Zoned C1-3 with projected 7% cap rate
  • Corner location in Ukrainian Village’s restaurant corridor
  • Income-generating apartments with updated infrastructure
  • Full-lot retail footprint with outdoor seating potential

OVERVIEW

Positioned at the high-visibility corner of West Chicago Avenue and North Oakley Boulevard, this three-story mixed-use property offers a compelling opportunity for owner-users and investors seeking a foothold in Chicago’s dynamic Ukrainian Village. The building features a full-lot retail footprint—previously a restaurant—ideal for maximizing outdoor seating and customer engagement. Its layout supports dual concepts or flexible tenant configurations, with multiple entrances and a dedicated take-out window enhancing operational versatility. Above the retail space, income-generating apartments contribute to the asset’s financial stability, while updated infrastructure minimizes capital expenditures for new ownership. The property’s location within West Town places it amid a vibrant mix of New American eateries, cultural institutions like the Ukrainian Institute of Modern Art, and popular destinations such as Humboldt Park and Wicker Park. With strong household incomes in the immediate area and proximity to major transit routes, this asset is well-positioned for long-term value and community integration.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

5

PRICE/UNIT

$470,000

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurant and Bar Mixed-Use Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1879

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C1-3

APN/PARCEL ID

17-07-100-012-0000

ASK ABOUT THIS PROPERTY

Monica PalermoKudan Group, Inc.More Info
312-575-0480

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Monica PalermoKudan Group, Inc.More Info
312-575-0480

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