Essex Realty Group Brokers the Sale of a 16-Unit Multi-Family Building in West Ridge
August 1, 2017 01:21 PM
2950 W. Arthur Avenue is a 16-unit apartment building located in Chicago's West Ridge neighborhood. The unit mix consists of two (2) Studio, four (4) 1 Bd/1 Ba and ten (10) 2 Bd/1 Ba apartments. The units were rehabbed in 2005 and all units feature granite countertops, stainless steel appliances and in-unit circuit breakers. In addition, there is a coin operated laundry in the lower level which includes two (2) washers and two (2) dryers, and eight (8) exterior parking spaces located on the east side of the building.
The property is situated on the northeast corner of Arthur and Sacramento Avenues in West Ridge, steps from Devon Avenue, and within walking distance of a multitude of boutique shops and restaurants. In addition, the property is within proximity to many public green spaces including Warren Park, Lincolnwood Centennial Park and the North Shore Channel Trail which follows the Chicago River North from Lawrence Avenue to Emerson Street in Evanston, IL.
The sale price was approximately $2,360,000.
Doug Imber, Kate Varde & Clay Maxfield represented the buyer and Doug Fisher & Jim Darrow represented the seller on the transaction.