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

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SOLD
$1,550,000

Illinois

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Mixed-use10,500 SF
Sold 04/09/2025
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Property Image
SOLD

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

1950 North Milwaukee Avenue

See Similar Deals
Mixed-use10,500 SF
Sold 04/09/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$147
Total Square Footage:10,500 SF
Transaction Type:Sale

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.

Players

Christian K. Arai, CCIM
CRER (Chicago Real Estate Resources)
Christian K. Arai, CCIM
6 deals$12.9M volume(312) 523-4068
BROKER

Details

SOLD
IMAGE: Ziad Haddad & Christian Arai DATE: 04/09/2025 ADDRESS: 1950 North Milwaukee Avenue MARKET: Chicago ASSET TYPE: Mixed-use BUYER: Ziad Haddad SELLER: Peter and Margie Poulos BROKER: Christian Arai (@christian.k.arai) - CRER (Chicago Real Estate Resources) (@crerchicago) SALE PRICE: $1,550,000 SF: 10,500 ~ PPSF: $147 NOTE: An iconic mixed-use building in Bucktown, sold off-market on April 9, 2025. Largely vacant since 1990, the property is now poised for revitalization under new ownership, with plans to restore the property as a vibrant asset for the community. Christian K. Arai of CRER successfully represented both sides in this transformative deal, marking a major step toward the property’s long-awaited revival.

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