1111 W. Chicago Ave., Chicago, IL 60642
mixed use building in River west
Number of Residential Units: 9
Number of Commercial Units: 2
Size: 10,500 square feet
We received the 1994 Chicago Association of Realtor's Good Neighbor Award for Best Mixed-use Rehab for our work on 1111 W Chicago Ave
Acquisition Date: 1992
Acquired when Chicago's River West neighborhood was considered uncharted and dangerous. We recognized a unique opportunity to reposition a mixed-use property at a heavily trafficked, but unpopulated River West intersection of Chicago, Milwaukee, and Ogden Avenues. This intersection received heavy commuter traffic due to the various public transportation outlets, including the busy Chicago Blue Line "L" stop. The property had been mostly vacant for decades and was a haven for drug dealers. With a loan from the Community Investment Corporation, we completely gutted and renovated the property.
The 10,500 square foot, four-story mixed-use building consists of nine residential units and three commercial spaces currently occupied by an architect's office, a local pizzeria and a currency exchange. The property is currently 100% leased.