ON MARKET – MULTI-FAMILY
1254, 1256 & 1260 N. Greenview Ave. Chicago, IL 60642
PRICE
$3,650,000
NUMBER OF UNITS
9
CAP RATE
5.75%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1254 & 1260 N. Greenview Ave., a 9-unit apartment portfolio PLUS adjacent lot located in Chicago’s premier Wicker Park neighborhood. Consisting of two (2) recently rehabbed apartment properties; 4-units and 5-units respectively, this portfolio offers a unique unit mix with enormous apartment layouts and a centralized community space. Additionally, the properties are situated only steps from the Division Blue Line and an abundant selection of the restaurant and shopping options available along Milwaukee Avenue. & Division Street. *THE PROPERTIES MAY BE PURCHASED AS A PORTFOLIO OR INDIVIDUALLY. IF INDIVIDUALLY, LAND TO BE SOLD WITH 1260 N. GREENVIEW AVE.

Each building boasts an attractive unit mix with enormous units that feature open floorplans, oversized bedrooms, and tall ceilings. 1254 N. Greenview Ave. consists of one (1) 2 Bd/2 Ba triplex coach house unit, two (2) 3 Bd/2 Ba units and one (1) 4 Bd/3 Ba unit. Additionally, 1260 N. Greenview Ave. consists of (1) 3 Bd/2 Ba triplex coach house unit, two (2) 3 Bd/2 Ba duplex-down units and two (2) 3 Bd/2 Ba + den duplex-up units.

The location provides convenient access to an array of food, entertainment, green space, and transportation options. The properties are less than a 5 minute walk from the Division Blue Line and less than a mile from the Clybourn Metra Station. Also, there are multiple bus routes along Ashland Avenue and Division Street. Additionally, for residents who drive, an entrance to the I-90/94 expressway is just 0.1 miles from the Property. Lastly, the buildings are only two blocks away from Pulaski Park, which provides public access to a field house, and indoor and outdoor pools.

LOCATION DETAILS

The Wicker Park/Bucktown neighborhood is bordered by the Chicago River to the East, Bloomingdale to the north, Division Street to the south, and Western Avenue to the West. Residents have an abundance of transportation options in the CTA Blue Line, the #9 Ashland bus, the #56 Milwaukee bus, the #70 Division bus, and the I-90/94 expressway that borders the community.

The Wicker Park/Bucktown neighborhood has evolved from an art inspired district to one of Chicago’s most desirable neighborhoods to live. Today, the community is known for being among the most thriving commercial and entertainment areas in the city. Additionally, the area offers an accessible location for downtown and suburban commuters due to its proximity to major expressways, public transportation, and the Loop.

Consistent growth and demand for residential housing have led to increased business activity, with a variety of new bars, restaurants, fitness studio, and retailers opening to support the developing community. As a result of the neighborhood’s robust economy, property values continue to steadily increase as the area is viewed as one of the most sought after neighborhoods for prospective real estate investors.

HIGHLIGHTS
  • Premier Wicker Park/Noble Square Location
  • Enormous Apartment Layouts
  • Extensive Capital Improvements
  • Current Rents are Below Market
  • Vacant Lot for Centralized Community Space
  • 5-Minute Walk to Division Blue Line
  • Available Individually or As Portfolio
LISTING BROKERS
Doug Fisher
Principal
773.305.4910
Abe Eilian
Director
773.305.4882
Matt Feo
Director
224.305.4102