Residential Developer Acquires Industrial Property At 1802-1806 W Chicago Ave For $1.3M

An industrial property located at 1802-1806 West Chicago Avenue in the West Town market of Chicago sold for $1,300,000. The property encompasses 6,200 square feet, resulting in a price per square foot of $210.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,300,000
• Address: 1802-1806 West Chicago Avenue
• Market: West Town, Chicago
• Square Footage: 6,200
• Price Per Square Foot: $210

This transaction was brokered by Marcus Sullivan and Tim Rasmussen of SVN Chicago Commercial. The property was acquired by a residential developer with intentions for conversion, driven by the area's increased demand and its ongoing transformation into a residential and retail corridor.