1439 N Milwaukee Ave Chicago, IL 60622

Listing agency Interra Realty, LLC Show Phone

Listed by Joe Smazal · License #IL

Source Crexi

Added: Apr 12 Updated: Jul 22 at 12:54PM Checked: Jul 22 at 12:54PM

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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.

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

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FAQs

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