Commercial real estate brokerage firm Greenstone Partners announces the sale of an urban mixed-use investment located at 2049 W Division St. in the vibrant Wicker Park neighborhood of Chicago. Greenstone Partners’ Senior Director Brewster Hague and CEO and Managing Partner Danny Spitz represented the seller, a Chicago-based partnership, and procured the buyer, a California-based hospitality group, in the $2,065,000 sale.
“This property is well-positioned within Wicker Park, which is known for its thriving day and night life,” said Spitz. “The buyer was attracted to the strong street-level presence on Division Street, paired with four recently renovated apartment units that offer a chance to add further value by bringing rent closer to market levels.”
The property is just one block west of Damen Avenue and located 2.5 miles NW of Downtown Chicago’s Loop. The 6,600-square-foot building sits on 2,912 square feet of land and is situated a half mile from the CTA Division and CTA Damen Blue Line ‘L’ Stations—each boasting nearly two million annual riders.
