Essex Realty Group, Inc. has been exclusively engaged to market for sale 4706 N. Beacon St., a 44-unit apartment building located in Chicago’s Sheridan Park neighborhood, a sub-market of Uptown. The unit mix consists of six (6) studio, thirty-five (35) 1 Bd/1 Ba, and three (3) 2 Bd/1 Ba apartments.
The property was fully renovated in 2007, including all major building systems (electric, plumbing, roof, windows, etc.). Additionally, a new boiler was installed in 2013 and the owner installed all new steam pipes in 2017. All units feature laminate hardwood and carpeted floors, granite or quartz countertops, black appliances, new cabinets and ceiling fans. In addition, there are three (3) washers and three (3) dryers located on the bottom floor of the building and additional storage.
The subject property sits on a jumbo lot (approximately 50′ x 190′) which provides for ample green space in the front of the building. The property benefits from a nicely sized and beautifully landscaped front yard which is enclosed by a classic Chicago wrought iron fence. The property is a few blocks from the newly renovated Wilson and Lawrence CTA Stations (Red Line) and the Ravenswood Metra Station (Union Pacific North).
A new owner may have the opportunity to add-value by increasing rents, as the apartments are approximately 15% below market.
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- 44 Units Located in Sheridan Park
- Beautiful Walk-Up Apartment Building
- Fully Gut Renovated in 2007
- Great Unit Mix of Studios, 1Bds & 2Bds
- Walking Distance of Lawrence & Wilson CTA Stations (Red Line)