2016-2018 Division | Mixed Use Building

2016-2018
W DIVISION

FOR SALE

Division Street Mixed-Use Opportunity
Wicker Park I Urban Chicago

OVERVIEW

2016-18 W DIVISION

2018 W. DIVISION STREET is a masonry, fee-simple, mixed-use building with 6,302 gross square feet
of space. The building has two commercial spaces, one occupying the ground floor of the three-story
structure, one occupying a small narrow one-story structure adjacent to the three-story portion of the
structure and a total of two apartments, one each on the second and third floor. According to the City
of Chicago Zoning Map, the property is zoned B3-2, Community Shopping District.

The subject property is located in Wicker Park, approximately one mile North and two miles West of the
city’s central business district, known as the “Loop”. The Wicker Park community was first developed
in the late 1800s, with Polish and German immigrants settling primarily North of North Avenue in
Bucktown, and German beer barons and Scandinavian merchants settling South of North Avenue
in Wicker Park. Over the years the neighborhood has undergone redevelopment, with many of the
area’s 1910s and 1920s vintage homes and 2 to 4 flats replaced with newer residential units, mainly
townhomes and lofts, or fully renovated; this trend is expected to continue in the foreseeable future

PROPERTY SUMMARY $1,299,900
6,302 Square Feet
Offering Price 4,324 Square Feet
Gross Building Area B3-2 (Community Shopping District)
50% - Both Commercial Spaces Are Fully Leased
Land Area 2 Retail + 2 Apartments
Zoning Fee Simple
Urban - Wicker Park
Occupancy 2016-2018 W. Division Street, Chicago IL 60622
Tenancy 17-06-129-032-0000
CTA Division Blue Line ‘L” Station: 1,882,176 passengers
Ownership Offered
Market/Neighborhood

Address
PIN

Public Transit

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 1EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

INVESTMENT HIGHLIGHTS

HIGHLY DESIRABLE LOCATION

Located along Division Street between Damen and Hoyne Avenue, the Property is well-positioned in
a heavily populated and traveled area. The Property benefits from its close proximity to the Kennedy
Expressway (Interstate 90/94), Blue Line ‘L” Station, and proximity to the city’s central business district.

VALUE-ADD / OWNER USER OPPORTUNITY

The ground floor retail space has been occupied by the current tenant since 2011. The two apartments
on the upper floors are vacant. The Property is ideal for an owner/user to occupy the ground floor retail
space. Additionally, a new buyer can significantly increase the apartment rents by remodeling the
units.

EASY ACCESS TO PUBLIC TRANSIT

The Property is located 0.5 miles from the CTA Division Blue Line ‘L’ Station with nearly 1.9 million
annual passengers. It connects Wicker Park to O’Hare International Airport and downtown Chicago’s
Loop.

PROPERTY APPRECIATION

The immediate area has experienced property value appreciation due to a large demand for existing
and new homes by the millennials, the largest generational pool of buyers. As new developments are
announced and get underway, property appreciation is expected to climb.

MEDIAN

The Property features a strong set of demographics with a population exceeding 50,000 people and an
average household income of Wicker Park exceeding $100,000.

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 2EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

NEIGHBORHOOD INFORMATION

WALKSCORE
98 Walker’s Paradise
77 Excellent Transit
98 Biker’s Paradise

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 3EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

Education

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# of Commuters by Transportation 4,8541,851 TaxiTaxi # of Commu4
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Subway

Train

Bicycle

Motorcycle

Taxi

RenRteWanlastlkals

62.3662%.36% 3

RenteRrenOtcecr uOpciecdupied OwnOe

$$110000,0,0000$01$010$0$,100100,00000,00,00000 $$110000,,000000 $25,$02050,000 $75,000

$$7755,0,00000$7$57,$05$70,75005,00,00000 RentalsRReenntatalsls$$7755,,000000 $0 $0 25 - 2454 - 44 45 - 4654 - 64 OveOr 6v5er 6$550,000 62.6326.%36% 37.3674.6%4%
$$5500,0,00000$5$05,$00$50,50000,00,00000 UndUernd25er 25
Renter Occupied Owner Occupied
Renter Occupied Owner Occupied

Rentals$$5500,,000000 RReennttaRaleRlsRsenRetneantnatltsaalsllss RReennttaallss

$25,000

$$2255,0,00000$2$52,$05$20,25005,00,00000 $$2255,,000000
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Over 65 Renter Occupied Owner Occupied

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 4EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

ZONING MAP

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 5EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

SURVEY

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 6EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

FLOORPLANS

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 7EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 8EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

RETAIL UNIT 1

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 9EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 10EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

RETAIL UNIT 2

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 11EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 12EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

UNIT 1

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 13EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 14EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

UNIT 2

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 15EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 16EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ

INCOME & EXPENSES

INCOME $3,376 per Month Lease ends 03/03/2023
$1,343 per Month Lease ends 08/31/2026
2018 Ground Valued at $1,600 per Month Vacant
2016 1/2 Valued at $1,600 per Month Vacant
Unit 1
Unit 1 $15,449
$3,736
EXPENSES TBD

2020 Taxes
Insurance
Water

2016-18 | DIVISION STREET MIXED-USE OPPORTUNITY | 17EXCLUSIVELY LISTED BY
WICKER PARK - CHICAGO
IVONA KUTERMANKIEWICZ



773.865.5661 [email protected] ivonahomes.com 1800 N. Clybourn, 2nd Floor Chicago, IL 60614

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