1912 Chicago Ave, Chicago, IL 60622
This exceptional investment opportunity presents a fully occupied, two-building portfolio totaling 7,589 square feet situated at 1911 and 1913 West Chicago Avenue in Chicago, Illinois. The property, zoned B3-2, comprises four units: two residential apartments and two retail spaces. The residential units, while upgraded, offer further value-add potential through cosmetic and light construction improvements. Both retail spaces benefit from recently signed or extended leases, ensuring stable income. This core-plus, value-add asset boasts 100% occupancy and a strong tenant mix, presenting immediate cash flow and future upside. The prime location within the thriving West Town/Ukrainian Village submarket is surrounded by established businesses such as Roots Pizza, West Town Bakery, and Cleo's Bar, and is just two blocks from a Mariano's grocery store. The property's position within the Chicago Avenue Transit-Oriented Development (TOD) boundaries further enhances its long-term investment prospects. This is an ideal acquisition for investors seeking to capitalize on the continued growth and desirability of this established and vibrant Chicago neighborhood. The asking price is $2,098,000, translating to $276.45 per square foot. The four-story buildings are situated in Cook County, zip code 60622.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.