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Mixed-Use Building with Apartments
For Sale
Contact for pricing
Pending

1321 W Grand Ave, Chicago, IL 60642

Four-story property combines leased retail space with five recently renovated apartments in a mixed-use configuration.

Property SizeContact for details
Days on Market144

Property Features for 1321 W Grand Ave

General Information

Standard status Pending
Property subtype Mixed Use
Occupancy 100%

Units

Unit Mix 1 x 3BR duplex, 1 x 2BR, 3 x 1BR
Multifamily Units 5

Building Details

Buildings 1
Stories 4
Listing Agency: Kudan Group
Listed By: Jarrett Fradin · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:27AM

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 Kudan Group

Investment Insights

Based on property information with market context.

This four-story mixed-use property at 1321 W Grand Ave combines an occupied retail component with five recently renovated apartments. The residential layout includes one three-bedroom duplex, one two-bedroom apartment, and three one-bedroom apartments, providing a varied unit mix within the building.

The retail space is leased to Coalfire Pizza, which has operated at the property for more than 14 years. The lease is personally guaranteed and has a 10-year term. Located in Chicago’s Noble Square/West Town area, the property is positioned within an established mixed-use setting that includes ongoing new development and retail activity.

Key Highlights

  • Four‑story mixed‑use building at 1321 W Grand Ave, Chicago, IL 60642
  • Five newly renovated apartments: one 3‑bedroom duplex, one 2‑bedroom, and three 1‑bedroom units
  • Retail operator has occupied the space for over 14 years

Property Analytics

Current Use

Coalfire Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Carpet & Flooring Store Restaurant Bed & Breakfast Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

6,161
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four-story property combines leased retail space with five recently renovated apartments in a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 1321 W Grand Ave Chicago, IL.
What are key features of this property?
This property features: Four‑story mixed‑use building at 1321 W Grand Ave, Chicago, IL 60642; Five newly renovated apartments: one 3‑bedroom duplex, one 2‑bedroom, and three 1‑bedroom units; Retail operator has occupied the space for over 14 years
More about this property
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