Ziad Haddad Acquires Mixed-Use Property In Chicago From Peter And Margie Poulos For $1.55M

A mixed-use building located at 1950 North Milwaukee Avenue in Chicago has been sold for $1,550,000. The property encompasses 10,500 square feet, resulting in a price per square foot of $147. This building has been largely vacant since 1990 and is positioned in the Bucktown neighborhood, highlighting its potential for future development.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,550,000
• Square Footage: 10,500
• Price per Square Foot: $147
• Buyer: Ziad Haddad
• Seller: Peter and Margie Poulos
• Broker: Christian Arai - CRER (Chicago Real Estate Resources)

Christian K. Arai of CRER successfully represented both the buyer, Ziad Haddad, and the sellers, Peter and Margie Poulos, in this transaction. The sale, which took place off-market on April 9, 2025, marks a significant step toward revitalizing the property under new ownership with plans aimed at restoring it as a vibrant asset for the community.