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Mix-Use with Bar

Market Price

1245 North Ashland Avenue, Chicago, IL 60622

Active
Last Updated: 08/29/2024

8.7

Pro Forma Cap Rate

8,000 sqft

Building Size

Details:
Pro Forma Cap Rate :    8.7%
Building Size:    8,000 sqft
Lot Area:    3,600 sqft
Occupancy:    100%
Class:    C
Units:    8
Year Built:    1916
Zoning:    C-2
Tenancy:    Multiple
Floors:    3
Parking Spots:    5
Heating:    Central
Cooling:    Central
Investment Strategy:    Value Add
Highlights:
  • High walking traffic
  • Major street exposure
  • Long time established bar
  • Currently below market rent
Description:

Mix-use with 7 apartments and bar on the 1st floor open til 5am.


Very desirable Wicker Park bar and apartments mix use building.


Value Add

Transferable License to operate bar.

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