New York Investor Acquires Retail Portfolio On North Milwaukee Avenue In Chicago For $5.2M

A retail portfolio located at 1514, 1519 & 1525–29 North Milwaukee Avenue in Chicago’s Wicker Park neighborhood has been sold for $5,200,000. The property encompasses a total area of 9,470 square feet, resulting in a price per square foot of $549. The portfolio is fully leased to several tenants, including Crossroads Trading Co., 2nd STREET, Thursday Boot Co., and Saint Alfred.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $5,200,000
• Location: 1514, 1519 & 1525–29 North Milwaukee Avenue, Chicago
• Square Footage: 9,470
• Price per Square Foot: $549
• Buyer's Location: New York
• Seller's Location: Chicago

The transaction was facilitated by brokers Danny Spitz and Brewster Hague from Greenstone Partners. The property was sold by a Chicago-based investment firm.