Essex Realty Group, Inc. is exclusively engaged to market for sale a 3-unit, mixed-use building located in Chicago’s Logan Square neighborhood. The Subject Property is comprised of two (2) fully renovated 3Bd/1Ba apartments and 2,300 SF vacant, vanilla box commercial space with additional basement space.

The Property is located at the intersection of Milwaukee and Central Park Avenues, steps from the Milwaukee #56 CTA bus stop. The Property is 0.4 miles south of the Belmont CTA Blue Line station and 0.6 miles northwest of the Logan Square CTA station, providing convenient transportation to Chicago’s Loop and O’Hare International Airport.

2955 N. Milwaukee Ave. presents an investor with the opportunity to acquire a recently renovated, mixed-use building located in Logan Square’s rapidly developing commercial corridor.

The apartments were completely renovated in 2014. The renovation includes new hardwood floors, new drywall, individual HVAC, stainless steel appliances, granite counters, updated bathrooms, and in-unit laundry. Additionally, the building has updated electric with in-unit breakers, copper plumbing, and a new roof installed in 2012.

The retail space has new storefront windows, is vanilla boxed, and ready to be leased.

• Unit mix: (2) fully renovated 3Bd/1Ba apartments and 2,300 SF vacant, vanilla box commercial space with additional basement space.
• Conveniently located 0.4 miles south of the Belmont CTA Blue Line station and 0.6 miles northwest of the Logan Square CTA station.
• Units feature new hardwood floors, new drywall, individual HVAC, stainless steel appliances, granite counters, updated bathrooms, and in-unit laundry.
• Market Cap rate: 8.64% / Market GRM: 7.97