CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1542-50 W. Chicago Avenue, a 90.94' by 117.40' lot located in Chicago's West Town neighborhood. The property is currently comprised of three (3) commercial spaces totaling 6,108 NRSF, as well as 12 exterior parking spaces in the rear. T-Mobile and the Manee Thai Pan Asian Restaurant occupy two (2) of the three (3) commercial spaces, while the third space is currently vacant.
1542-50 W. Chicago Ave. is a large developable lot in one of Chicago's most sought after neighborhoods. The property is a great candidate for both luxury rentals and luxury condominiums.
The sale price was approximately $1,380,000.
Abe Eilian and Brian Karmowski were the brokers on the transaction.
Since its founding in 1990, Essex has grown to become the Chicago area’s premier investment real estate brokerage company. Our expertise, integrity, and consultancy approach has resulted in our achieving the leading market share and earning the confidence of Chicago’s most prominent real estate investors. If you are seeking to buy or sell multi-family, mixed-use, retail, or other investment real estate, or simply require market information, we are committed to providing you with the highest level of service possible.