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Chicago & Midwest  + Chicago + North Side  + Apartments  | 
1439 N. Milwaukee Avenue Chicago

Wicker Park Mixed-Use Changes Hands; Includes First U.S Taco Bell Cantina

Interra Realty brokered the $2.5-million sale of 1439 N. Milwaukee Ave., a mixed-use building with five apartments and approximately 2,000 square feet of street-level retail in the North Side’s Wicker Park neighborhood. The retail space includes Taco Bell Cantina, which opened the concept’s first U.S. location here.  

Senior managing partner Joe Smazal represented the private seller. The buyer was represented by Danny Spitz, CEO and managing partner of Greenstone Partners.   

“1439 N. Milwaukee was a natural choice for investors thanks to its great Wicker Park location, national retail tenant and updated apartments,” said Smazal. “We were able to successfully complete the sale at an under-6% cap rate, which illustrates that demand and pricing for mixed-use assets are back to pre-pandemic levels.” 

Built in 1878, 1439 N. Milwaukee includes three one-bedroom units, one two-bedroom and one three-bedroom. The apartments were fully leased at the time of sale. 

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Interra RealtyGreenstone Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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