North Ave Shops
Mixed Use | 9.62% Cap | 7,750 SqFt
Marketing description
THE ASSET
4737-4747 W North Avenue consists of three buildings on 0.34 acres of land. The Property is improved by a single-story commercial building with five (5) inline retail units and 120 feet of frontage along W North Avenue, a two-story residential building with two (2) residential units consisting of one (1), 2-Bedroom/1-Bathroom unit and one (1), 1-Bedroom/1-Bathroom unit, and a detached garage with four (4) bays. The Property contains a total of 7,750 square feet of rentable space and offers a private, fenced-in courtyard at the rear of the Property.
PRIME LOCATION
4737-4744 W North Avenue is in West Humboldt Park, a desirable neighborhood approximately 6-miles west of downtown Chicago. The Property is centrally located along W North Avenue, just 300 from the intersection with Cicero Avenue The property is 2-miles from Humboldt Park, a 197-acre park with lagoons, a boathouse, athletic fields, meeting rooms, and gymnasiums.
The immediate area has a mix of local and national retailers and restaurants including Walmart Supercenter, Home Depot, Food 4 Less, ALDI, Menards, Walgreens, McDonald’s, Wendy’s, Taco Bell, Starbucks, Planet Fitness, and Ross.
The property enjoys close proximity to the Bloomingdale Trail, also known as “The 606” to the east of the property and offers an easy commute to Chicago’s Central Business District.
TRANSIT ORIENTED LOCATION
The Property is positioned along W North Avenue (IL Route 64) and is seconds from the intersection with Cicero Avenue (IL Route 50), two of the area’s primary commercial and commuter corridors.
4737-4747 W North Avenue is located along the municipal bus line with a stop at the intersection of W North Avenue and Cicero Avenue (Route 54) and along N Avenue (Route 72). The Property is also convenient to several other bus routes in the immediate area.
The Property is 0.4-miles from both the Grand/Cicero “Metra” station and is 1.6-miles from the Cicero “T” Station with service on the green line.
STRONG TRAFFIC COUNTS
On average, more than 19,800 vehicles pass the Property each day along W North Avenue. Additionally, more than 46,200 vehicles pass through the adjacent intersection of Cicero Avenue and W North Avenue.
EXCEPTIONAL DEMOGRAPHICS
More than 51,700 people live within a 1-mile radius of the Property with an average household income of $75,578. An impressive 446,000+ people live within a 3-mile radius of the Property with an average household income in excess of $107,853.
Investment highlights
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Mixed-Use Investment Property located at 4737-4747 W North Avenue in the West Humboldt Park neighborhood of Chicago, Illinois (the “Property”). The Property consists of three buildings and is improved by a single-story commercial building with five (5) inline retail units fronting W North Avenue, a two-story residential building with two (2) residential units, and a detached garage with four (4) bays. The Property contains a total of 7,750 square feet of rentable space on 0.34 acres of land. The commercial units are 100% leased to a desirable mix of neighborhood service tenants.
The Property benefits from excellent visibility and frontage along West North Avenue in West Humboldt Park. Located approximately 300 feet from the intersection with Cicero Avenue, the site offers strong accessibility within a well- traveled commercial corridor. Public transportation options further enhance the Property’s accessibility, with municipal bus routes operating along both West North Avenue and Cicero Avenue. The site is also located approximately 0.4 miles from the Grand/Cicero Metra Station and just over one mile from the Cicero Station, providing convenient commuter access throughout the city. Additionally, the Property is surrounded by national retailers, restaurants, and neighborhood- serving businesses that generate consistent daily traffic while offering amenities to area residents and visitors.
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