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Restaurant and Bar Mixed-Use Property 2301 W Chicago Ave 5 Unit Apartment Building £1,757,871 (£351,574/Unit) 7% Net Initial Yield Chicago, IL 60622

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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.

Flyer_2301 W Chicago Ave

PROPERTY FACTS

Price	£1,757,871	Apartment Style	Low-Rise
Price Per Unit	£351,574	Costar Property Class	C
Sale Type	Investment	Total Plot Size	0.07 ac
Yield	7%	Property Size	8,100 sq ft
No. Units	5	No. Floors	3
Property Type	Build-to-Rent	Year Built	1879
Property Subtype	Apartment General Retail Shopfront Retail / Residential	Parking Allocation	0.25/1,000 sq ft
Use Class	C1-3 - C1-3 zoning in Chicago is a Commercial (C) zoning designation that allows for a mix of retail, office, and residential uses.

Price	£1,757,871
Price Per Unit	£351,574
Sale Type	Investment
Yield	7%
No. Units	5
Property Type	Build-to-Rent
Property Subtype	Apartment General Retail Shopfront Retail / Residential
Apartment Style	Low-Rise
Costar Property Class	C
Total Plot Size	0.07 ac
Property Size	8,100 sq ft
No. Floors	3
Year Built	1879
Parking Allocation	0.25/1,000 sq ft
Use Class	C1-3 - C1-3 zoning in Chicago is a Commercial (C) zoning designation that allows for a mix of retail, office, and residential uses.