2712-2714 W North Ave 8,600 SF 83% Leased Retail Building Chicago, IL 60647 $1,600,000 ($186.05/SF)

Baum Realty Group, LLC has been exclusively retained to offer for sale 2712-2714 W. North Avenue, a part three-story, part one-story mixed-use building in Chicago’s east Humboldt Park neighborhood. Sitting on 6,000 SF of land, the building currently contains four (4) upper floor residential units, all with 2 beds / 1 bath, along with three (3) ground floor commercial units. The western commercial unit at 2714 W. North Avenue contains roughly 3225 SF of newly improved, clear span / column-free space, and was recently leased to MODO Grappling Academy for a new, 5-year lease term. The eastern portion of the ground level is divided into front (1434 SF) and rear (992 SF) commercial spaces, each with dedicated entrances, practical layouts and distributed plumbing. The rear unit is currently leased to a ceramist and the front unit is currently vacant, offering investors the opportunity to add value by leasing it as-is, or converting the unit to residential with the procurement of a special use permit as permitted under the property's B3-2 zoning designation. Additional value creation is possible by increasing rents for the apartments upstairs to fair market rates.
The Property is located on North Avenue less than two blocks east of Humboldt Park is situated in the city’s 26th ward (Ald. Jesse Fuentes) bordering the Wicker Park/Bucktown neighborhood to the east and the Logan Square neighborhood to the north. The building is easily accessible by public transit, with a stop for the CTA 72 North Avenue bus route located steps from the front of the building. The CTA Blue Line Western and Damen stations are both is located approximately 0.8 miles away. I-90/94 is located roughly 1.5 miles due east of the property