Contacts

Drew Dillon

SVN | Chicago Commercial

Property Details

Property Type Multi-Family
Property Size 9,267 SF
Units 7
Lot Size 0.07 Acre
Additional Rent Contact for pricing
Year Built 1890
Year Renovated 2020
Date Updated Nov 26, 2024

The West Town area of Chicago is bordered by Wicker Park, East Village, Noble Square and Ukrainian Village. Originally occupied by Ukrainian immigrants in the early 1900s this neighborhood has long been a stable community and has flourished in recent years. Tree-lined streets; strong housing stock and its proximity to Chicago’s downtown have made this neighborhood a favorite choice to Chicago’s residents. Online real estate website Redfin.com even named Ukrainian village the hottest neighborhood in the nation in 2016. The West Town Retail Corridor located on Chicago Avenue is the main retail corridor in the neighborhood. Many retail stores restaurants and service retail businesses operate on Chicago Avenue which contributes to the neighborhoods desirability and charm. Chicago Avenue is proving itself to be a dining destination with one restaurant Vajra added to the 2021 Michelin Bib Gourmand list and newcomer Porto receiving one Michelin Star.1859 W Chicago Ave is a ±9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago’s Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo’s Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano’s. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.

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Highlights

Excellent West Town signalized corner location
Stabilized asset with a strong tenant mix and room for rent growth
Highly desirable brick building
Fully rehabbed armchair investment
Located within the Chicago Avenue T.O.D boundaries
Highly stable retail tenant (Veterinarian Office) with long- term lease
This property is owned by an Illinois Real estate broker

Getting around

95/100
Walk Score ®
68/100
Transit Score ®
97/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood West Town
Zip Code 60622
Market Chicago

Points of Interest

Uber Tent

0.97 miles
Morgan

1.37 miles
Grand

1.40 miles
Kedzie

1.82 miles
UIC-Halsted (Morgan Street)

1.82 miles
Clinton

1.84 miles
UIC-Halsted (Peoria Street)

1.89 miles
UIC-Halsted (Halsted Street)

1.98 miles
Chicago

1.99 miles
Merchandise Mart

2.14 miles

Shell

0.28 miles
Citgo

0.52 miles
BP

0.71 miles
Marathon

0.88 miles
Electrify America

1.57 miles
Tesla Supercharger

1.66 miles
Blink ParkChip Garage - 1035 Van Buren

1.71 miles
Volta

1.77 miles
Blink

1.79 miles
eVgo

2.12 miles

1628 W Division

0.64 miles
Division Crash Investigation Site

0.83 miles
A

0.91 miles
Bus Parking

0.92 miles
Club/Premium

0.96 miles
C Suites

0.97 miles
Uber (Lot E)

0.99 miles
G

1.03 miles
H

1.05 miles

Alexandra's place

0.50 miles
Holiday Jones

0.53 miles
IHSP Chicago Hostel

1.08 miles
Hyatt Place Chicago / Wicker Park

1.08 miles
Urban Holiday Lofts

1.17 miles
Hotel Chicago West Loop

1.28 miles
Hyatt House

1.31 miles
Hoxton Hotel

1.47 miles
Nobu Hotel

1.49 miles
Hyatt Place Chicago - Medical / University District

1.51 miles

Mariano's Fresh Market

0.21 miles
Target

0.59 miles
Jewel-Osco

0.79 miles
Municipal Market

1.01 miles
Gangnam Market

1.09 miles
Pete's Market

1.21 miles
ALDI

1.28 miles
Kling Bros Insurance

1.29 miles
Local Foods

1.39 miles
Whole Foods Market

1.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.