Home Details for 2815 W 5th Avenue

Marcus & Millichap is pleased to present 2813-2815 W 5th Ave, a well-positioned mixed-use property located in a high-growth corridor of Chicago. This classic brick building combines spacious residential living with established commercial tenancy, offering an attractive investment with significant upside potential. The property features a large, four-bedroom, two-bathroom top-floor unit spanning over 2,200 square feet, delivering generous floor plans rarely found in comparable assets. The residential units are currently rented well below market rates on a month-to-month basis, allowing investors the flexibility to capture immediate rental growth through strategic updates or repositioning. On the ground floor, the commercial space is leased to a high profile tenant, including a congressman's office, with multiple years remaining on the term. This stable, long-term tenancy provides consistent cash flow and mitigates turnover risk, enhancing the property's overall income profile. Situated in a neighborhood experiencing significant revitalization, 2813-2815 w 5th Ave is poised to benefit from continued investment and rising demand. New developments, such as the 1901 project launching in early 2025, are expected to further drive economic activity, attract new residents and businesses, and support long-term property appreciation. This combination of under-market residential rents, secure commercial income, and neighborhood growth makes this offering a compelling opportunity for investors seeking strong returns in an evolving Chicago market.

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