Damen Pierce 2 Properties Offered at $16,625,000 in Chicago, IL
INVESTMENT HIGHLIGHTS
- 22 Multifamily Units and 5 Fully Leased Commercial Spaces
- Ample Garage and Outdoor Parking
- In-Unit Laundry
- Upside in Rents with Cosmetic Updates
- Long History of High Occupancy
- Elevator Building (Pierce)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 1542 North Damen Avenue / 2010 West Pierce Avenue, a strategically located mixed-use investment property in the Wicker Park/Bucktown neighborhood of Chicago, Illinois. This property consists of 22 multifamily units and 5 commercial spaces at the corner of Damen and Pierce.
The property sits in the heart of one of Chicago’s most desirable and vibrant neighborhoods, with easy access to public transit (CTA Blue Line Damen Stop) and a range of amenities.
With generous floor plans, these apartments provide tenants with ample living space and elevator access to each floor, setting them apart from typical units in the neighborhood. With its desirable unit mix, stable cash flow, and prime location, 1542 North Damen Avenue & 2010 West Pierce Avenue offers an outstanding investment opportunity for investors seeking long-term value in one of Chicago’s most dynamic neighborhoods.
The property sits in the heart of one of Chicago’s most desirable and vibrant neighborhoods, with easy access to public transit (CTA Blue Line Damen Stop) and a range of amenities.
With generous floor plans, these apartments provide tenants with ample living space and elevator access to each floor, setting them apart from typical units in the neighborhood. With its desirable unit mix, stable cash flow, and prime location, 1542 North Damen Avenue & 2010 West Pierce Avenue offers an outstanding investment opportunity for investors seeking long-term value in one of Chicago’s most dynamic neighborhoods.
PROPERTY FACTS
| Price | $16,625,000 |
| Price / SF | $355.61 / SF |
| Cap Rate | 6.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 46,750 SF |
| Total Land Area | 0.68 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1542-1556 N Damen Ave, Chicago, IL 60622 | Retail | 12,362 SF | 1889 | - |
|
2010 West Pierce
2010 W Pierce St, Chicago, IL 60622 |
Multifamily | 34,388 SF | 2001 | - |
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