2829 W Armitage Ave, Chicago, IL

Description:

Mixed-Use Investment Opportunity | Logan Square | Chicago, IL

 

2829 W Armitage Ave, Chicago, IL 60647

 

KW Commercial is pleased to present the rare opportunity to acquire a fully stabilized, mixed-use investment asset located in the heart of Chicago’s thriving Logan Square neighborhood. Positioned at the signalized corner of Armitage Ave and Mozart St, this three-story, 15,600-square-foot building offers exceptional visibility, durable in-place income, and a best-in-class commercial tenancy anchored by the renowned Bar Parisette, a 7,000 SF destination restaurant with a significant local following.

 

Executive Summary

This 100% occupied, 5-unit mixed-use property blends a high-performing retail/restaurant tenant with four residential apartments in one of the strongest submarkets on Chicago’s Northwest Side. Featuring two recently renovated residential units (2025), modernized building systems, and substantial 2022 capital improvements, the property provides investors with a high-quality, low-maintenance asset in a rapidly appreciating location.

 

Property Highlights

 

Institutional-Quality Mixed-Use Asset


Total Building Size: 15,600 SF
Lot Size: 5,250 SF
Zoning: B3-1
Configuration:
- (1) 7,000 SF commercial restaurant
- (4) residential units: two (2) front units recently rehabbed + two (2) additional updated units
- 100% Stabilized and fully leased
- Three-story masonry construction with strong curb appeal and modern systems


 

Commercial Component – Bar Parisette (7,000 SF)

A recognized neighborhood anchor, Bar Parisette brings strong brand equity and consistent foot and destination traffic. Its presence elevates the asset’s market profile and reinforces long-term income durability.

Lease Summary:
Current Rent: Upon Request
Annual Increases: Upon Request
Tenant Pays: 50% of building real estate taxes + 50% of water usage
Full HVAC (hot/cold forced air)
500 SF outdoor deck used for dining and customer activation
Significant tenant investment in buildout and FF&E

 

Residential Component – Four Updated Units

 

The residential portion capitalizes on Logan Square’s extremely strong demand for modern, efficient apartment units.

 

Residential Features:
(4) 2BD / 1BA units
Two front units were recently rehabbed with contemporary finishes, updated flooring, refreshed kitchens/baths, and improved mechanical/electrical upgrades (2025).

 

Unit-Specific 2025 Improvements:
Unit 2F was fully remodeled in 2025 with a new bathroom, new kitchen cabinets, repolished and stained hardwood floors, and includes an in-unit washer and dryer.

Unit 3F features newly repolished and stained hardwood floors (2025) and includes an in-unit washer and dryer.

Separate furnaces and individual hot water tanks for each unit

Copper plumbing

Strong rental demand due to walkability, transit access, and the surrounding retail corridor
Excellent tenant retention and stable rental income

 

 

Significant Recent Capital Improvements

Ownership invested $250,000+ in 2022, reinforcing long-term structural integrity and reducing investor exposure to near-term expenses. 

 

Improvements include:


New tear-off roof
Full building tuck-pointing
Modernized HVAC systems
Plumbing and mechanical enhancements
Structural upgrades
Refreshed façade work and common-area improvements


 

This positions the property as a turnkey, low-maintenance investment in a premium submarket.

 

Unmatched Logan Square Location

The property sits in one of Chicago’s most dynamic and high-demand neighborhoods — an epicenter of residential growth, dining destinations, creative retail, and lifestyle amenities.

 

Prime Corner Positioning & High Visibility
Located at Armitage Ave & Mozart St
21,688 ADT (Average Daily Traffic)
Signalized intersection ensures consistent exposure
Wide frontage with clear branding and signage opportunities

 

Surrounded by National & Regional Tenants

Directly across from the brand-new Small Cheval, and steps from:
Athletico Physical Therapy
Bank of America
CVS
T-Mobile
Additional national quick-service restaurants, cafés, and boutique retailers
Heavily populated residential density driving consistent day & night activity

 

Transit-Rich Environment

Minutes to the CTA Western Blue Line
Multiple bus routes along Armitage, Western, and California
Walkable, bike-friendly urban grid with excellent customer and tenant accessibility

 

Investment Thesis

2829 W Armitage Ave offers a rare combination of stabilized income, substantial recent improvements, a renowned commercial anchor, and newly upgraded residential units—making it an ideal acquisition for investors seeking strong in-place returns with long-term value appreciation.

 

Investors benefit from:


Predictable, diversified cash flow
Limited capital expenditure exposure
A highly sought-after Logan Square location with continued upward rent pressure
A premier restaurant tenant with strong local brand presence
Newly rehabbed residential units supporting premium rents and strong retention


 

This trophy-caliber mixed-use asset stands as a strong long-term hold with both yield and appreciation potential.


Logan Square, Chicago

Why We Love It:

Logan Square is a thriving, multi-cultural community of arts organizations, intimate music venues, locally owned shops, trendy cocktail bars, and beyond. Its creative energy and urban vibe make it a go- to for locals looking for the next cool thing.

Explore like a local:

- Enjoy a seasonal, locally sourced meal at neighborhood favorite Lula Cafe, a pioneer of the farm-to- table movement.
- Check out Wolfbait & B-Girls, a boutique showcasing wares from more than 300 local makers.
- Hit the patio for fried chicken, ping pong, and negroni slushies at Parson’s Chicken and Fish.

- Enjoy outstanding food at Bar Parisette Insider Tips:

Walk the boulevards:

Take a stroll down stately Logan Boulevard, which cuts through the heart of the neighborhood. It’s lined with regal limestone homes and anchored by the soaring Illinois Centennial Monument, designed by the same architect who created the Lincoln Memorial in Washington D.C. It’s also home to the award-winning Logan Square Farmer’s Market, which features some of the region’s best vendors.

Catch a screening in a vintage movie house: Just a few steps away, you’ll find the historic Logan Theatre. This vintage movie house opened in 1915 and has been revamped to include a cozy bar and lounge. The Logan, as the locals call it, screens everything from first-run films to cult classics to indie favorites. It also hosts the annual Chicago Underground Film Festival, the longest-running underground film fest in the world.

Try some buzz-worthy eateries: Among the neighborhood’s diverse dining scene, you’ll find Michelin- rated spots, pizza places with cult followings, funky noodle shops, hip coffee houses, and unexpected fusion concepts.

A few can’t-miss bites: housemade pasta at Daisies, refined Greek favorites in a lush atmosphere
at Andros Taverna, rooftop tacos and margaritas at Lonesome Rose, and Alpine-inspired small plates on the hidden patio at Table, Donkey and Stick.

Drink local:

For a taste of Logan Square nightlife, take your pick from trend-setting cocktail bars, under- the-radar venues with local bands, and burgeoning breweries and distilleries. Check out Longman & Eagle, a modern take on an old-school Chicago inn with a mind-blowing whiskey selection. Or order a cocktail made with small-batch spirits at family-owned Chicago Distilling Company. Catch a performance at cool-kid staple The Whistler, a hybrid cocktail bar, gallery, record label, and music venue.



Two residential units improved in 2025, including a full renovation of Unit 2F with a new kitchen, new bathroom, refinished and stained hardwood floors, and in-unit washer/dryer.
Unit 3F received additional 2025 upgrades, including newly refinished and stained hardwood floors, while also offering the convenience of an in-unit washer/dryer.
$250,000+ in major capital improvements completed in 2022, including a new tear-off roof, full-building tuckpointing, HVAC modernization, plumbing and mechanical enhancements, structural upgrades, and façade/common-area improvements.
Anchored by Bar Parisette, a renowned 7,000 SF destination restaurant, providing a prominent commercial tenant with significant investment in its buildout and FF&E, plus a 500 SF outdoor dining deck.
Directly across the street from the brand-new Small Cheval, one of Chicago’s most recognizable restaurant concepts, further strengthening this stretch of Armitage Avenue as a dining and retail destination.
100% occupied, diversified 5-unit mixed-use investment, combining one substantial commercial restaurant space with four 2BD/1BA residential apartments, providing multiple income streams within a single stabilized asset.
Prime signalized Logan Square corner at Armitage Ave & Mozart St, with approximately 21,688 vehicles per day and proximity to national tenants including Bank of America, CVS, T-Mobile, and Athletico, along with convenient access to the CTA Western Blue Line and the neighborhood’s dense residential population.