1559 N Milwaukee Ave | Chicago, IL 60622
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- LoopNet Team
1559 N Milwaukee Ave
Chicago, IL 60622
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN, leaving little to no responsibility for the landlord
- Ground floor restaurant space at nearly 20% below market rental rate
- FAR allows for increased space of ±6,600 SF and with apartments allows investor to increase NOI by over 70%
- 2.25% annual increases to continue growing NOI every year
- Potential for investor to re-tenant and capture a above-market return
PROPERTY FACTS
Property Type
Retail
Property Size
2,950 sq ft
Costar Property Class
B
Year Built/Renovated
1914/2004
Tenancy
Single
Number of Floors
1
Plot ratio
0.97
Total Plot Size
0.07 ac
Use Class
B4-2 - B3-2
Frontage
75 ft on Milwaukee Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 17-06-200-004-0000 | Improvements Assessment | £50,368 |
| Land Assessment | £27,465 | Total Assessment | £77,833 |
PROPERTY TAXES
Parcel Number
17-06-200-004-0000
Land Assessment
£27,465
Improvements Assessment
£50,368
Total Assessment
£77,833
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