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Restaurant and Bar Mixed-Use Property 2301 W Chicago Ave 5 Unit Apartment Building $3,280,412 CAD ($656,082 CAD/Unit) 7% Cap Rate Chicago, IL 60622
INVESTMENT HIGHLIGHTS
- Zoned C1-3 with projected 7% cap rate
- Income-generating apartments with updated infrastructure
- Corner location in Ukrainian Village’s restaurant corridor
- Full-lot retail footprint with outdoor seating potential
EXECUTIVE SUMMARY
Positioned at the high-visibility corner of West Chicago Avenue and North Oakley Boulevard, this three-story mixed-use property offers a compelling opportunity for owner-users and investors seeking a foothold in Chicago’s dynamic Ukrainian Village. The building features a full-lot retail footprint—previously a restaurant—ideal for maximizing outdoor seating and customer engagement. Its layout supports dual concepts or flexible tenant configurations, with multiple entrances and a dedicated take-out window enhancing operational versatility.
Above the retail space, income-generating apartments contribute to the asset’s financial stability, while updated infrastructure minimizes capital expenditures for new ownership. The property’s location within West Town places it amid a vibrant mix of New American eateries, cultural institutions like the Ukrainian Institute of Modern Art, and popular destinations such as Humboldt Park and Wicker Park. With strong household incomes in the immediate area and proximity to major transit routes, this asset is well-positioned for long-term value and community integration.
Above the retail space, income-generating apartments contribute to the asset’s financial stability, while updated infrastructure minimizes capital expenditures for new ownership. The property’s location within West Town places it amid a vibrant mix of New American eateries, cultural institutions like the Ukrainian Institute of Modern Art, and popular destinations such as Humboldt Park and Wicker Park. With strong household incomes in the immediate area and proximity to major transit routes, this asset is well-positioned for long-term value and community integration.
PROPERTY FACTS
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 17-07-100-012-0000 | Improvements Assessment | $111,590 CAD |
| Land Assessment | $32,284 CAD | Total Assessment | $143,874 CAD |
PROPERTY TAXES
Parcel Number
17-07-100-012-0000
Land Assessment
$32,284 CAD
Improvements Assessment
$111,590 CAD
Total Assessment
$143,874 CAD
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Restaurant and Bar Mixed-Use Property | 2301 W Chicago Ave
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