Nicholas Stocking And Alix Kogan Acquire Mixed-Use Property At 1701 W Division For $3.675M

The property asset involved in the transaction is located at 1701 West Division Street in the Chicago market. It is a mixed-use asset that encompasses a sale price of $3,675,000 and spans a total square footage of 9,026. The property consists of six residential units, each fully renovated to a condo-quality standard, and features a ground-floor retail space that is prominently anchored by Starbucks.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,675,000
• Units: 6
• Price Per Unit: $612,500
• Square Footage: 9,026
• Price Per Square Foot: $407
• Buyer: Nicholas Stocking & Drew Dillon - Stocking Urban; Alix Kogan - Ashland Capital
• Seller: Roger Kelly
• Brokers: Joe Smazal & Harrison Pinkus - Interra Realty

The deal saw Stocking Urban and its joint venture partner, Ashland Capital, successfully acquire the property in an off-market transaction, highlighting their strategic interest in prime real estate within Wicker Park's Division Street corridor.