Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the Albany Park neighborhood of Chicago. The subject property of 4612 North Kedzie Avenue is located 7.5 miles northwest of Chicago's downtown loop area, 2.2 miles east of the I-94 Edens Expressway, and 500 feet south of the CTA's Kedzie Brown Line train station. The unit mix for the subject property consists of three first floor retail units that each measure 600 square feet, two one-bedroom one-bathroom units that measure 700 square feet, four two-bedroom one-bathroom units that measure 900 square feet, and one three-bedroom one-bathroom unit that measures 1,000 square feet respectively.
The Albany Park neighborhood is considered one of Chicago's most diverse community area's with the highest percentage of foreign born residents. This area is not only one of the most diverse neighborhoods in Chicago, it's also quite affordable and contains a solid inventory of classic Chicago-style bungalows and brick multi-family properties. The neighborhood boasts an unmatched array of multicultural restaurants, including local favorite Noon-O-Kabab and the celebrated falafel of Semiramis. Along the Lawrence Avenue corridor, you will discover independently-owned grocery stores, delicious Korean cuisine and a collection of highly regarded Middle Eastern and Mexican restaurants.
An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of the asset as well as the ability to update the units. Giving you the ability to raise the current rents to conform with the market and cash flow this property.
