1522 West Chicago Avenue is an excellent opportunity to build a new construction, mixed-use building in the booming West Town neighborhood. This property presents the opportunity to build with the option to sell as condominiums, apartments or hold as a long-term investment and benefit from a strong cash on cash return in an appreciating neighborhood.
Well-located West Town neighborhood situated on the north side of Chicago Avenue, east of Ashland Avenue, just steps from the Forbidden Root Brewery on Chicago Avenue. The property is conveniently located within close proximity to the Chicago CTA Blue Line Station, as well as the Ashland Avenue and Chicago Avenue CTA bus lines.
- Recent sales and the proliferation of developments along the Chicago Avenue corridor demonstrate a strong demand for luxury condominiums with sales upwards of $800,000 for penthouse units and apartment units listed for as much as $4,250 per month.
- Strong profit potential to sell as condominiums, mixed-use investment property or hold for a strong cash flow in an appreciating area
- Potential to Build Large Units with Three or Four Bedrooms