1421 W Chicago Avenue
Chicago, IL 60642

Great investor opportunity to own a High Income, fully leased, mixed-use property in red-hot West Town. Classic Chicago, brick 4-story, mixed-use building with brick 2-story Coach House. 7 apartments plus a Restaurant w/ basement. This building is in good condition but needs some TLC. Apartments are in good shape but definite value add opp! Restaurant space is 1600 sq ft and has access to the semi-finished basement. The current lease goes until Dec. 2025 and is personally guaranteed. The apartments are always in demand and rent easily. Apartment mix is: three 2-bedroom/1.5 baths, three 2-bedroom/1 bath and the 3-bedroom/1 bath Coach House. Utilities are separated with GFA heat. Tenants pay gas/electric. 2 units have W/D. There is a shared, coin-operated laundry room on the 2nd floor. Rear units all have large steel porches. Rooftop access (Roof is only 5 years old). Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1. Schedule today!