Mixed-Use Building with Leased
For Sale
Contact for pricing
Pending
1439 N Milwaukee Ave, Chicago, IL 60622
Five apartments over street-level retail leased to a Taco Bell franchisee under a ten-year lease.
Property SizeContact for details
Days on Market146
Property Features for 1439 N Milwaukee Ave
General Information
Standard status
Pending
Property subtype
Multifamily, Mixed Use
Additional Details
Multifamily Units
5
Listing Agency:
Interra Realty, LLC
Listed By:
Joe Smazal · License #IL
(312) 361-3140
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Sep 2 at 12:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Interra Realty, LLC
Investment Insights
Based on property information with market context.
The property at 1439 N. Milwaukee Avenue is a mixed-use building configured with five apartments above approximately 2,000 SF of street-level retail space. The street-level retail is leased to a Taco Bell franchisee that operates its Cantina brand, featuring an urban design and serving alcohol. The tenant invested approximately $550,000 in its buildout.
Taco Bell is in its sixth year of a ten-year lease and has two, five-year options. The tenant is responsible for 50% of the water and real estate taxes. The asset is located in the Wicker Park Neighborhood of Chicago.
The combination of residential units and leased street-level restaurant space provides an income stream supported by an active franchise operator under a current long-term lease structure with renewal options.
Taco Bell is in its sixth year of a ten-year lease and has two, five-year options. The tenant is responsible for 50% of the water and real estate taxes. The asset is located in the Wicker Park Neighborhood of Chicago.
The combination of residential units and leased street-level restaurant space provides an income stream supported by an active franchise operator under a current long-term lease structure with renewal options.
Key Highlights
- Mixed‑use building with five apartments over approximately 2,000 SF of street‑level retail
- Street‑level retail leased to a Taco Bell franchisee operating its Cantina brand and serving alcohol
- Taco Bell franchisee is in year 6 of a 10‑year lease with two 5‑year options
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
5,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five apartments over street-level retail leased to a Taco Bell franchisee under a ten-year lease.
Where is this mixed-use property located?
The property is located at 1439 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Mixed‑use building with five apartments over approximately 2,000 SF of street‑level retail; Street‑level retail leased to a Taco Bell franchisee operating its Cantina brand and serving alcohol; Taco Bell franchisee is in year 6 of a 10‑year lease with two 5‑year options
