National Multi-Tenant Retail + Apartment 3 Properties Offered at $7,182,000 in Chicago, IL

1440 N. Milwaukee Avenue & 1818 W Evergreen Avenue (the “Property”), a 100% leased, urban infill mixed-use investment prominently located in Chicago’s Wicker Park neighborhood. The Property is positioned on the corner of N. Milwaukee Avenue and W. Evergreen Avenue.
The Property consists of ±11,230 gross leasable square feet featuring two retail tenants, four apartment units, one billboard in year 7 of a 99-year lease, and a private surface lot with fourteen parking spaces. The retail tenants include Supreme and Ivy Rehab. Supreme has over 7 years of remaining term and Ivy Rehab entered into a new 10-year lease. Supreme is the highest performing retail apparel store in the entire Wicker Park submarket.
The 14-car parking lot, located at 1818 W Evergreen Avenue, spans approximately 3,750 square feet. Eight (8) spaces are allocated to Supreme, four (4) spaces are available to Tacombi, and two (2) spaces are currently leased to residential tenants. Currently zoned RT-4, the site permits two-flats, townhouses, low-density apartment buildings, and single-family homes—offering new ownership a compelling opportunity for future residential development while generating interim parking income in an area where parking is scarce.
Wicker Park has flourished into a highly desirable residential market as well as a prominent “high-street” retail shopping district with thousands of daily retail customers. The Property benefits from well-known neighbors including Barnes & Noble, CAVA, Abercrombie & Fitch, Levi’s, ADIDAS Originals, YETI, Urban Outfitters, Thursday Boots, Burton, Warby Parker, Bluemercury, Lids, Barry’s Bootcamp, Carhartt, Sweetgreen, Jeni’s Ice Cream, Buffalo Exchange, BODYBAR, and many others.
Within 1-mile, demographics include a population of 59,779, an average household income of $156,952, and a median home value of $622,993.