732 W. Grace St. is a 15-unit, mixed-use building located approximately ¼ mile from both Lake Michigan and Wrigley Field in Chicago’s Lakeview neighborhood.

The fourteen renovated apartments feature stainless steel appliances, hardwood floors, granite countertops, in-unit laundry, and individual HVACs. There is a 4,700 square foot retail space, which has been occupied by The Pancake Café since 2018.

New ownership may be able to increase annual rental income by roughly 11% by increasing rents to market as units turn. The Property benefits from a pride of ownership that can be immediately seen and results in little to no deferred maintenance. Residents benefit from both high-quality apartments and excellent customer service.

732 W. Grace St. is conveniently located 0.5 miles from the Addison CTA Red Line Station and 0.5 miles from the Sheridan CTA Red Line Station.

In addition to this offering, 700 W. Grace St., a 20-unit apartment building, and 712 W. Grace St., a 38-unit apartment building, are available for sale. Individual offering memorandums are available upon request.

Lakeview is one of the most prominent neighborhoods in Chicago, located 6 miles north of the Loop and bordering Lake Michigan. Its proximity to the City’s central business district, combined with convenient access to public transportation, has led to substantial residential and retail growth, which has been the driving force in transforming the neighborhood into one of the foremost places to live in Chicago. Home to the Chicago Cubs and Wrigley Field, the country’s second-oldest ballpark, the neighborhood is filled with restaurants, boutiques, and small businesses.

• Mixed-Use Building Located Approximately ¼ Mile From Both Lake Michigan and Wrigley Field
• Apartments Offer Hardwood Floors, High Ceilings, In-Unit Laundry, Large Newer Rear Porches, and Individual HVACs
• 4,700 Square Foot Retail Space Occupied by The Pancake Café Since 2018
• Unit Mix: (6) 3Bd/1Ba, (1) 3Bd/1.5Ba, (1) 4Bd/1.5Ba, (6) 4Bd/2Ba, (1) Commercial