440 N State St, Chicago, IL 60654

PROPERTY OVERVIEW

Marcus & Millichap is pleased to present this 11 apartments and three retail spaces mixed-use property, built in 1894, located in the River North neighborhood at 440-448 North State Street, Chicago, Illinois.

The unit mix is comprised of two studio units, nine two-bedroom / one and one-half bathroom units, and three retail spaces. The building features basement for storage use, and on-site laundry facility.

This investment offers an investor the opportunity to acquire a well-maintained asset in a high-visibility, affluent River North location. This investment provides an investor with the chance to own a well-cared-for property in one of River North’s most visible and upscale corridors. Depending on strategy, an investor could either keep operations simple, benefiting from near-term upside through gradual rent growth, or reposition the asset with upgraded, modern interiors to capture a notable rent premium and elevate long-term value.