Recently Renovated

Mixed-Use in Bucktown
Greg Block
Executive Vice President
(312) 338 - 3002
gblock@mpirealestate.com
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
1637 N. Ashland | Chicago, IL
Call for Pricing
Investment Highlights
7,325 SF mixed-use building
5,325 SF storefront retail
2,000 SF second oor ofce
Land Area: 5,562 SF
73% occupied
Opportunity to add value
Second oor live/work space
Recently renovated building
Individually metered units
Zoning: M1-2
Taxes (2013): $20,719
Property Highlights
Recently renovated, this two-story mixed
use building is just off the intersection of
North and Ashland in Bucktown. The
frst foor, a 5,325 square foot retail space,
is currently leased to a non-proft dedi-
cated to educating inner-city youth about
media and technology. With 2,000 square
feet available, the brand-new second foor
live/work space offers a great opportunity
to add value to the property.
2011 Demographics
1 Mile 3 Mile 5 Mile
Population 50,660 515,561 1.1 M
Households 23,937 256,874 480,459
5 Year Growth 0.6% 2.0% 1.4%
Avg. Income $56,744 $52,794 $44,481
Greg Block
(312) 338-3002
gblock@mpirealestate.com
1637 N. Ashland | Chicago, IL Call for Pricing
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Rent Roll
Unit Tenant
Annual
Rent SF Rent/SF
Lease
Expiration
1 Street Level Youth Media* $78,720 5,325 $14.78 Aug-16
2 Vacant 2,000
Total/Average $78,720 7,325 $14.78
* Current lease includes two fve-year renewal options
Income Statement
Estimated
2013
Income
Gross Rents $78,720
Lease-Up ($18/SF) $36,000
Total Gross Income $114,720
Expenses
Utilities $2,500
Insurance $4,500
Real Estate Taxes $13,477
Repairs & Maintenance $2,500
Miscellaneous $2,000
Total Expenses $24,977
Net Operating Income $89,743
Street-Level Space
Area Information
Bucktown is a trendy neighborhood located just
northwest of the Loop. The area has seen a
considerable amount of gentrifcation over the
last decade, with many young professionals and
families moving to the area. Boutique retail stores,
bars, restaurants and creative offces dominate the
commercial space in the area. Commercial space
in Bucktown tends to cluster along several major
corridors including Damen and Ashland Avenues.
Greg Block
(312) 338-3002
gblock@mpirealestate.com
1637 N. Ashland | Chicago, IL Call for Pricing
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Additional Street-Level Space Photos
Greg Block
(312) 338-3002
gblock@mpirealestate.com
1637 N. Ashland | Chicago, IL Call for Pricing
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Live/Work Space