2000 N. Milwaukee

Stocking Urban is excited to announce the acquisition of 2000 N. Milwaukee, in Chicago’s Logan Square neighborhood. The building is a 4-story mid-rise, with easy access to transportation into downtown through the Western CTA Blue line stop. Built in 2007 and originally slated to be a condo building, this property features a unit mix containing 15 units and 2 retail spaces, plus parking.

Stocking Urban is planning light renovations to the units, with rehabbed units delivering in 2025 and 2026. Stocking Urban has strong conviction that rents will continue to climb in the next 2-3 years, and interest rates and cap rates will continue to drop. This will result in significant tailwinds for the investment, leading to strong risk adjusted returns.