Prime Wicker Park Repositioning Opportunity
Colliers International is pleased to exclusively offer for sale, this rare value-add and repositioning opportunity for a prime mixed-use property located at 1754-1760 West North Avenue in Chicago, IL. Just a few blocks east of Six Corners in the notable Wicker Park submarket, the Property offers the unique ability for an investor to immediately combine and reposition the retail along with a value-add renovation of the 8 apartment units in one of the strongest submarkets in Chicago.
Residential Value-Add and Retail Repositioning potential
Affluent Submarket and Strong Demographics
As-Is Residential Rents 15-20% under market
Retail Rents 30% under market lows
Absorption - Rapid absorption of new/existing inventory
Occupancy - exceptionally well occupied submarket
- Property Type
Retail
- Submarket
- Year Built
1877
- Total Acres
0.21
- Number of Floors
3
- Property ID
1517803
