Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), as sole and exclusive agent for owner, has been retained to offer for sale to qualified investors the opportunity to acquire a prime 14,213 square foot development parcel located at 2240 N. Milwaukee Ave in Chicago, Illinois (“the Property”).
The Property is located at the southwest corner of N. Milwaukee Ave & W. Prindiville St with the Blue Line CTA tracks bordering the entire west side of the property. 2240 N. Milwaukee benefits from an array of surrounding boutique shops, Michelin-Star restaurants, breweries, and cocktail lounges which help create the authentic Chicago vibe that is Logan Square. Located within close proximity to Interstate 90/94 and less than 500 feet from the California Blue Line station, the location offers extensive transportation options that make surrounding areas such as Bucktown, Wicker Park, Avondale, O’Hare Intl Airport and the Loop extremely accessible.
The future development of the Property will likely maximize value through developing a boutique apartment/condo or co-living project while capitalizing on the properties transit-oriented location.
The residential development could deliver new supply to an area that has been constrained due to the limited availability of scalable development opportunities within such close proximity to transit. 2240 N Milwaukee offers the opportunity to deliver a highly visible project in a high barrier to entry and desirable infill Chicago neighborhood of Logan Square.
- Exceptional Public Transit Access
- Premier Logan Square Location
- Chicago Market Strength: A Stable and Vibrant Economy
- Leading Tourist Destination