North Bosworth Portfolio
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North Bosworth Portfolio
4 Properties Offered at $8,495,000 in Chicago, IL
Investment Highlights
- Call For Offers 10/30/24 3pm EST
- Five blocks from Clybourn Metra and 6 blocks of Division Blue Line.
- Immediate value-add through lease-up of retail space and billboard, ability to expand amenities package with additional rooftop space.
- Court ordered receivership sale.
- Located in Wicker Park, one of Chicago's fastest growing submarkets.
Executive Summary
Lee & Associates of Illinois and Lee & Associates NYC are please to present the exclusively for sale the court-ordered receivership sale, requiring final court approval, of the portfolio of mixed-use assets located at 1636, 1646-1656 North Bosworth Avenue, Chicago, IL, 60642 (the "properties" or the "portfolio"). Consisting of 4 buildings each with one commercial unit and 6 apartments above, the portfolio is located in the trendy Wicker Park area of Chicago. The residential units are a mix of 2- and 3- bedroom units with modern finishes including quarts counters, stainless steel appliances, and in-unit laundry and features 30 parking spaces with potential to amenitize existing rooftop space. There is also an existing billboard located above the portfolio facing the Kennedy Expressway that can be monetized.
The portfolio represents the opportunity for an investor to capitalize on modern living spaces in an up-and-coming neighborhood of Chicago and offers immediate value-add through lease-up of 3 of 4 existing commercial spaces.
The portfolio represents the opportunity for an investor to capitalize on modern living spaces in an up-and-coming neighborhood of Chicago and offers immediate value-add through lease-up of 3 of 4 existing commercial spaces.
Property Facts
| Price | $8,495,000 | Number of Properties | 4 |
| Price / SF | $172.49 / SF | Individually For Sale | 0 |
| Sale Conditions | Bulk/Portfolio Sale | Total Building Size | 49,250 SF |
| Sale Type | Investment | Total Land Area | 0.53 AC |
| Status | Active |
| Price | $8,495,000 |
| Price / SF | $172.49 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 49,250 SF |
| Total Land Area | 0.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1656 N Bosworth Ave, Chicago, IL 60642 | Multifamily | 8,650 SF | 2005 | - |
| 1650-1652 N Bosworth Ave, Chicago, IL 60642 | Retail | 8,150 SF | 2004 | - |
| 1636 N Bosworth Ave, Chicago, IL 60642 | Multifamily | 24,000 SF | 2003 | - |
| 1646 N Bosworth Ave, Chicago, IL 60642 | Retail | 8,450 SF | 2005 | - |
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