Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60642
Chicago
1421
Avenue
W88° 19' 10.4''
N42° 2' 34.8''
West on Chicago from Noble
CHI - West Town
W
Additional Information
: Brick
25x124
8
4
Compass
Charlie Cohen
Financial
31516
Listing Information
Alexander Morsch
890934
87291
Compass
1012222
87291
Active
2026-07-27T05:06:06Z
MRED
2026-07-27T05:05:16Z
Property Description

1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood’s most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today’s renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago’s most supply-constrained rental markets.

Commercial Sale For Sale

1421 W Chicago Avenue, Chicago, Illinois 60642

$2,995,000
Listing ID#12711342
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12711342
Price : $2,995,000
Year Built : 1950
Listing Status : Active
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