What is the asking price for 2829 W Armitage Ave, Chicago, IL?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at 2829 W Armitage Ave, Chicago, IL?

This property is listed as Multi-Tenant.

What is the total size of 2829 W Armitage Ave, Chicago, IL?

The property has a total square footage of 15,600 SF.

When was this property built?

2829 W Armitage Ave, Chicago, IL was built in 1895.

How many parking spaces are available at 2829 W Armitage Ave, Chicago, IL?

Parking information for the property isn't currently listed. However, other nearby parking options include Liberty Bank Customer Parking, located 0.48 miles away , and 1628 W Division, which is 1.77 miles away.

2829 West Armitage Avenue, Chicago, IL 60647

For Sale $2,150,000
Property Type Other
Property Size 15,600 SF
Lot Size 5,250 SF
# of Floors 3
Property Tenancy Multi-Tenant
Building Class A
Year Built 1895
Year Renovated 2022
Date Updated Aug 21, 2026

Description

Mixed-Use Investment Opportunity | Logan Square | Chicago, IL

2829 W Armitage Ave, Chicago, IL 60647

KW Commercial is pleased to present the rare opportunity to acquire a fully stabilized, mixed-use investment asset located in the heart of Chicago’s thriving Logan Square neighborhood. Positioned at the signalized corner of Armitage Ave and Mozart St, this three-story, 15,600-square-foot building offers exceptional visibility, durable in-place income, and a best-in-class commercial tenancy anchored by the renowned Bar Parisette, a 7,000 SF destination restaurant with a significant local following.

Executive Summary

This 100% occupied, 5-unit mixed-use property blends a high-performing retail/restaurant tenant with four residential apartments in one of the strongest submarkets on Chicago’s Northwest Side. Featuring two recently renovated residential units (2025), modernized building systems, and substantial 2022 capital improvements, the property provides investors with a high-quality, low-maintenance asset in a rapidly appreciating location.

Property Highlights

Institutional-Quality Mixed-Use Asset

Total Building Size: 15,600 SF
Lot Size: 5,250 SF
Zoning: B3-1
Configuration:
- (1) 7,000 SF commercial restaurant
- (4) residential units: two (2) front units recently rehabbed + two (2) additional updated units
- 100% Stabilized and fully leased
- Three-story masonry construction with strong curb appeal and modern systems

Commercial Component – Bar Parisette (7,000 SF)

A recognized neighborhood anchor, Bar Parisette brings strong brand equity and consistent foot and destination traffic. Its presence elevates the asset’s market profile and reinforces long-term income durability.

Lease Summary:
Current Rent: Upon Request
Annual Increases: Upon Request
Tenant Pays: 50% of building real estate taxes + 50% of water usage
Full HVAC (hot/cold forced air)
500 SF outdoor deck used for dining and customer activation
Significant tenant investment in buildout and FF&E

Residential Component – Four Updated Units

The residential portion capitalizes on Logan Square’s extremely strong demand for modern, efficient apartment units.

Residential Features:
(4) 2BD / 1BA units
Two front units were recently rehabbed with contemporary finishes, updated flooring, refreshed kitchens/baths, and improved mechanical/electrical upgrades (2025).

Unit-Specific 2025 Improvements:
Unit 2F was fully remodeled in 2025 with a new bathroom, new kitchen cabinets, repolished and stained hardwood floors, and includes an in-unit washer and dryer.

Unit 3F features newly repolished and stained hardwood floors (2025) and includes an in-unit washer and dryer.

Separate furnaces and individual hot water tanks for each unit

Copper plumbing

Strong rental demand due to walkability, transit access, and the surrounding retail corridor
Excellent tenant retention and stable rental income

Significant Recent Capital Improvements

Ownership invested $250,000+ in 2022, reinforcing long-term structural integrity and reducing investor exposure to near-term expenses