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Mixed-Use Corner Retail and Apartments
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2543 N California Avenue, Chicago, IL 60647

Two-building mixed-use property with two retail spaces and fourteen residential units on a southeast corner.

Property Size21,623 SF
Days on Market124

Property Features for 2543 N California Avenue

General Information

Standard status Active
Size 21,623 SF
Property subtype Retail, Multifamily, Mixed Use

Site & Location

Traffic Count 285,000 vehicles/day
Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 14

Building Details

Year Renovated 2018
Listing Agency: Greenstone Partners
Listed By: Danny Spitz
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 1:01AM

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 Greenstone Partners

Investment Insights

Based on property information with market context.

This mixed-use, two-building property offers two ground-level retail spaces and fourteen residential units. The residential units have undergone renovations, including tuckpointing, new hallways, replacement of certain steel decks, skylight replacement, new LED lighting, window replacements, and repair and painting of exterior metal work. Updates also include new kitchens and bathrooms and hardwood floors throughout 12 of the 14 apartments.

The property occupies a prominent southeast corner position on California Avenue and historic Logan Boulevard, with easy access and strong visibility. Convenient public transportation access is supported by the nearby California and Logan Square Blue Line L stations and a CTA bus stop directly across the street for route #52 Kedzie/California.

The two retail spaces are leased to long-term tenants Starbucks (since 2001) and Buona Terra (since 2003). The asset totals 100% fee-simple interest and includes renovations completed in 2017 and 2018.

Key Highlights

  • Mixed‑use property with 12,623 SF across 11,300 SF of land, featuring 2 retail spaces and 14 residential units.
  • Two‑building setup on the southeast corner of California Avenue and historic Logan Boulevard with frontage and direct street access.
  • CTA Blue Line proximity: about 1/3 mile to both California and Logan Square stations; CTA bus stop across the street for route #52 Kedzie/California.

Property Analytics

Current Use

Starbucks Cafe & Coffee Shop

Suggested Use

Top Pick Butcher Nursing Home HVAC Service Fish Market (Bike/Boat/Book/etc) Store Clothing & Fashion Store

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

14
Residential units
285,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,690
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
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?
Apartment building - Two-building mixed-use property with two retail spaces and fourteen residential units on a southeast corner.
Where is this apartment building located?
The property is located at 2543 N California Avenue Chicago, IL.
What are key features of this property?
This property features: Mixed‑use property with 12,623 SF across 11,300 SF of land, featuring 2 retail spaces and 14 residential units.; Two‑building setup on the southeast corner of California Avenue and historic Logan Boulevard with frontage and direct street access.; CTA Blue Line proximity: about 1/3 mile to both California and Logan Square stations; CTA bus stop across the street for route #52 Kedzie/California.
(312) 234-0360 Call to check price and availability
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