Interra Realty has arranged the sale of a mixed-use property at 1755 N. Damen Ave., a 13-unit building located next to The 606 trail in Chicago’s Bucktown neighborhood. The asset, which combines residential and street-level commercial space, changed hands for $7.34 million in an off-market transaction.
The buyer is Stocking Urban, LLC, led by Nicholas Stocking. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented Stocking Urban in the acquisition. The same Interra team also acted on behalf of the confidential seller, providing dual representation in the deal.
At the time of the sale, all residential units in the building were fully occupied, underscoring stable demand for the property. The residential offering includes a mix of floor plans: three two-bedroom units, five three-bedroom units and two four-bedroom units. Residential interiors are described as luxury loft apartments, featuring kitchens equipped with Italian flat-panel cabinetry, quartz countertops and stainless steel appliances.
In addition to the residential component, the property includes three commercial spaces at the building’s base. Two of these commercial units are currently occupied, while one storefront remains vacant. The commercial portion adds a retail and service element to the property, leveraging its position along Damen Avenue and proximity to The 606 trail.
Interra’s Smazal noted that Chicago’s multifamily sector continues to draw meaningful investor interest, citing resilient market fundamentals relative to many other metros. The sale of this fully occupied mixed-use building in Bucktown reflects that investor appetite in a neighborhood known for its residential density and pedestrian activity.
Following the acquisition, Stocking Urban plans to undertake cosmetic upgrades to the commercial spaces. The buyer’s stated intent is to enhance the appearance of the street-level units and bring the remaining vacancy to market for lease. With the residential portion already stabilized, the business plan centers on improving and fully leasing the ground-floor commercial component.
The transaction highlights ongoing investment activity in Chicago’s infill mixed-use assets that blend upscale residential units with neighborhood-serving retail. The property’s adjacency to The 606 and its position in Bucktown provide both lifestyle appeal for residents and visibility for commercial tenants, factors that supported investor interest in the asset.
