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2800 N Milwaukee Ave
Chicago, IL 60618
Hairpin Lofts · Multifamily Property For Sale
·
28 Units


Executive Summary
???????Colliers is pleased to present Hairpin Lofts, a mixed-use multifamily asset located along North Milwaukee Avenue. The LIHTC agreement allows investors to acquire a predictable, cash flowing asset in one of Chicago’s highly sought-after Avondale / Logan Square submarkets. Positioned at the prominent six-corner intersection of Milwaukee, Kimball, and Diversey, the property benefits from exceptional visibility, transit connectivity, and access to one of Chicago’s most dynamic and supply-constrained submarkets.
Originally constructed in 1933 as the Morris B. Sachs Building, the property is a designated historic landmark listed on the National Register of Historic Places. The building was comprehensively redeveloped in 2012, transforming the former mixed-use commercial structure into a distinctive loft-style residential community while preserving its historic architectural character. Today, the six-story building spans approximately 37,800 square feet and includes 28 thoughtfully designed one- and two-bedroom units averaging 853 square feet, with an additional 5 retail/commercial spaces.
Hairpin Lofts seamlessly blends historic character with modern functionality. Residences feature open-concept layouts, high ceilings, expansive windows, and contemporary finishes, while geothermal heating and cooling systems support efficient building operations. Original architectural elements were preserved throughout the redevelopment, reinforcing the property’s identity as a highly differentiated, design-forward multifamily asset. Ground-floor retail and the Hairpin Arts Center contribute to an active mixed-use environment, enhancing neighborhood engagement and supporting consistent pedestrian traffic.
Hairpin Lofts offers investors the opportunity to acquire a long-term cash flowing asset with durable renter demand in one of Chicago’s most dynamic submarkets. Its irreplaceable location, architectural distinction, and integrated mixed-use environment position the property as a highly differentiated investment within the Avondale/Logan Square submarket.
Originally constructed in 1933 as the Morris B. Sachs Building, the property is a designated historic landmark listed on the National Register of Historic Places. The building was comprehensively redeveloped in 2012, transforming the former mixed-use commercial structure into a distinctive loft-style residential community while preserving its historic architectural character. Today, the six-story building spans approximately 37,800 square feet and includes 28 thoughtfully designed one- and two-bedroom units averaging 853 square feet, with an additional 5 retail/commercial spaces.
Hairpin Lofts seamlessly blends historic character with modern functionality. Residences feature open-concept layouts, high ceilings, expansive windows, and contemporary finishes, while geothermal heating and cooling systems support efficient building operations. Original architectural elements were preserved throughout the redevelopment, reinforcing the property’s identity as a highly differentiated, design-forward multifamily asset. Ground-floor retail and the Hairpin Arts Center contribute to an active mixed-use environment, enhancing neighborhood engagement and supporting consistent pedestrian traffic.
Hairpin Lofts offers investors the opportunity to acquire a long-term cash flowing asset with durable renter demand in one of Chicago’s most dynamic submarkets. Its irreplaceable location, architectural distinction, and integrated mixed-use environment position the property as a highly differentiated investment within the Avondale/Logan Square submarket.
Property Facts
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 28 | Building Size | 37,800 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1933/2012 |
| Building Class | B | ||
| Zoning | B3-1, B1-3, Cook | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 37,800 SF |
| Average Occupancy | 96% |
| No. Stories | 6 |
| Year Built/Renovated | 1933/2012 |
| Zoning | B3-1, B1-3, Cook |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Heating
- Vaulted Ceiling
- High Speed Internet Access
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Video Patrol
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 520 - 623 |
| 2+1 | 8 | - | 826 - 1,005 |
Property Taxes
| Parcel Number | 13-26-225-016-0000 | Improvements Assessment | $62,255 |
| Land Assessment | $14,176 | Total Assessment | $76,431 |
Property Taxes
Parcel Number
13-26-225-016-0000
Land Assessment
$14,176
Improvements Assessment
$62,255
Total Assessment
$76,431
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