1303 W Chicago Ave, Chicago, IL

Description:

West Town Mixed-Use Asset | Retail & Residential Investment Opportunity

KW Commercial is pleased to present the rare opportunity to acquire 1303 W Chicago Avenue, a highly visible mixed-use building located in the heart of Chicago’s thriving West Town neighborhood. Strategically positioned along the vibrant Chicago Avenue corridor—just steps from the Chicago Blue Line CTA station and adjacent to Milwaukee Avenue—this asset offers investors and owner-users alike an exceptional opportunity in one of the city’s most dynamic urban submarkets.

Investment Highlights


Prime Location Across from Eckhart Park with direct access to public transit, premier neighborhood amenities, and dense pedestrian and vehicular traffic.
Value-Add or Owner-User Potential: Ideal for investors seeking stable, long-term income or business owners looking for a flagship retail location with integrated residential.
Strong Submarket Fundamentals: Located in a high-demand, development-rich corridor with significant appreciation potential and evolving tenant demand.


Retail Component


±1,100 SF of street-level commercial space featuring 11-foot ceiling heights, original wood floors, and white tin ceilings—a character-rich environment perfect for creative and boutique uses.
Zoned B1-2, allowing for a broad range of commercial uses including:

Boutique retail & showrooms
Art galleries & creative studios
Specialty cafés, juice bars, and wellness services
Tattoo, beauty, or photography/content production studios


Formerly a photography studio complete with a dedicated dark room—ideal for artistic and media-oriented tenants.
Comparable retail rents in the immediate area average $29.00 PSF, with MG or NNN lease structures common. Typical lease terms in the corridor begin at five years, offering long-term income stability.


Residential Component


Spacious second-floor two-bedroom, one-bathroom residence overlooking Chicago Avenue with original hardwood floors, full HVAC (forced heat & AC), and separate dining and living areas.
and separate dining and living areas.
Rear deck and oversized backyard, providing rare outdoor space in an urban setting.
Market residential rents for comparable units in West Town range between $2.20 and $3.00 PSF, depending on unit condition and amenities.


Location & Connectivity


Exceptional Transit Access: Steps to the 66 Chicago CTA bus stop and just two blocks to the Chicago Blue Line station.
Superior Ingress & Egress: Immediate access to I-90/94 and close proximity to major employment centers, including the West Loop, River West, and downtown Chicago.
Transforming Corridor: Surrounded by new residential and mixed-use developments, including a new construction project next door, reinforcing long-term value and upward market momentum.
Walking distance to high-demand retail, dining, and lifestyle amenities.


This offering presents a compelling opportunity for investors, developers, and entrepreneurs to capitalize on strong demand drivers, proven rent growth, and a strategic infill location within one of Chicago’s most desirable and fastest-growing urban corridors.

Contact for More Information or Private Tour

Manny Regalado
Senior Commercial Broker
KW Commercial
(c) 312.730.2029
(e) mregalado@kwcommercial.com


- Mixed-Use - One Commercial Spaces & One Residential Unit - 11-Ft. height Clearance - Steps From Chicago Ave. Blue Line Station - Across From Eckhart Park and Ida Crown Natatorium - Zone B1-2 - Building: 2,174 SF - Traffic Count: 18,101 Vehicles Per Day



Premier Mixed-Use Asset in West Town: Strategically located along Chicago Ave across from Eckhart Park, with exceptional visibility, transit access, and long-term appreciation potential.
Versatile ±1,100 SF Retail Space: Character-rich commercial storefront with 11’ ceilings, original wood floors, and B1-2 zoning—ideal for boutique retail, creative studios, or wellness concepts.
Stabilized Residential Income: Spacious two-bedroom apartment with hardwood floors, HVAC, and private outdoor space; strong rental comps in a high-demand residential market.
Strong Market Fundamentals: Situated in a rapidly developing corridor with rising lease rates, increasing property values, and growing commercial and residential demand.
Owner-User or Investment Potential: Suitable for investors seeking passive income or entrepreneurs pursuing a live/work setup in a vibrant urban neighborhood.
Exceptional Connectivity & Walkability: Steps from CTA bus and Blue Line, near I-90/94, and surrounded by popular dining, retail, and entertainment destinations.