2829 W Armitage Ave, Chicago, IL

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)
• All units include in-unit washer/dryer, separate furnaces, and individual hot water tanks
• 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. Improvements include:

• New tear-off roof
• Full building tuck-pointing
• Modernized HVAC systems
• Plumbing and mechanical enhancements
• Structural upgrades
• Refreshed façade work and common-area improvements

This positions the property as a turnkey, low-maintenance investment in a premium submarket