Description
Prime Bucktown well maintained mixed use property ideal for owner/user, investor, or developer/converter. The property consists of 2 commercial spaces and 4 completely rehabbed residential rental units, comprised of 3-simplex two BR/one BA units and1-huge 2000 sf 2BR + den duplex loft unit. Currently fully leased,the building has been meticulously maintained, and features exposed brick, timber ceilings, in-unit laundry, hardwood flooring and separate utilities. The building has drastically under-market rents on both the commercial and residential units, providing substantial upside for new ownership. Mixed-use buildings of this size also boast the lowest real estate tax assessment rate of any commercial property type.
Area Description
The property sits on Milwaukee Ave. in the heart of Chicago's Bucktown neighborhood, just a couple of blocks from the high profile intersection of North/Milwaukee/Damen. The area is extremely sought after by retail and residential tenants in addition to condo buyers and is extraordinarily convenient to all highways,and public transportation. Tremendous nearby shopping, nightlife,and restaurants make this one of Chicago's premier neighborhoods.
