2743 North Western Ave — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60647

Photos

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Investment Figures

Cap rate
7.43%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Situated in the highly desirable southern border of Roscoe Village, 2743-2753 N. Western Avenue benefits from exceptional visibility and access at the convergence of Western Avenue, Diversey Avenue, and Elston Avenue—one of the area’s most active commercial intersections. This dynamic corridor experiences significant vehicular and pedestrian traffic, supporting strong retail demand and long-term neighborhood growth. Roscoe Village continues to attract a diverse mix of residents, retailers, and investors due to its proximity to downtown Chicago, established dining and retail scenes, and continued residential development, making it a prime location for mixed-use investment opportunities. The offering consists of a well-maintained mixed-use asset featuring four updated residential apartments, with the opportunity to convert one unit back to a Two Bed One Bath layout as well as two established retail tenants, and a billboard generating additional income. The retail component is anchored by Hyun’s Hapkido & Tae Kwon Do, a longstanding neighborhood institution that has operated at the property for over 55 years. Current owner operates the School and will enter into a six month lease at close of escrow. The second retail tenant, Boulevard Bistro, complements the asset with local dining appeal. With a balanced unit mix, stabilized tenancy, and multiple income streams, the property presents a compelling opportunity for investors seeking durable cash flow in a high-demand Chicago submarket. Investment Highlights: • Prime, Highly Visible Mixed-Use Asset on the Southern Border of Roscoe Village, Offering Strong Street Presence and Consistent Foot Traffic • Situated in a High-Demand Rental Market with a Well-Balanced, Desirable Unit Mix that Appeals to a Broad Tenant Base • Meaningful Rental Upside with Current In-Place Apartment Rents Being Approximately 20 Percent Below Market • Well-Maintained Asset with Long Term Ownership

Market Context

This mixed use in Chicago, IL is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Chicago, IL — view the full market.

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