UNDER CONTRACT – MULTI-FAMILY
822 West Wrightwood Avenue Chicago, IL 60614
NEIGHBORHOOD
Lincoln Park
PRICE
Call for details
NUMBER OF UNITS
13
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 822 West Wrightwood Avenue, located in Chicago’s highly sought after Lincoln Park neighborhood. This rare, once in a generation opportunity features 13 large one bedroom apartments which have gorgeous hardwood floors, a mixture of stainless steel and white kitchen appliances, radiator heating and fantastic natural light. Recent capital improvements include: newer plumbing, electrical wiring, windows & porches.

The property has been meticulously maintained by its long term owners and offers a new investor the opportunity to make updates to kitchens & baths, add individual HVAC and in-unit laundry to increase rents substantially, or to continue to operate the property as-is in this premium location. The basements feature 11' ceilings so it may be possible to create duplex-down first floor apartments or add additional apartments if Chicago's proposed ADU ordinance passes.

The property is ideally situated on the northeast corner of Wrightwood Avenue and Dayton Street giving the apartments incredible light. It is conveniently located 4 blocks to both the Fullerton and Diversey CTA Stations, providing tenants with quick access to the Brown, Purple & Red Line CTA Stations. 822 West Wrightwood sits in a prime location in Lincoln Park that is close to public transportation, as well as an endless stream of restaurants, bars, shopping and entertainment options making this an excellent opportunity.

LOCATION DETAILS

Chicago’s Lincoln Park neighborhood is one of the best known and most historically significant areas in the city. Located 3.15 miles north of the Loop with Lake Michigan to the east and the Chicago River to the west, Lincoln Park has experienced significant growth over the last few decades. Its proximity to the City’s central business district combined with convenient access to public transportation and lakefront has led to substantial residential and retail growth, transforming the community into one of Chicago’s most desired areas in which to live.

Lincoln Park boasts several attractions including the Lincoln Park Zoo, the Chicago History Museum, and most notably, Lincoln Park, Chicago’s largest public park. Magnificent architecture, charming boutiques, and a vibrant restaurant and bar scene appeal to residents, students and tourists alike. DePaul University is located in the heart of Lincoln Park and boasts a population of over 25,000 students. The university's presence coupled with Lincoln Park’s appeal to younger residents creates substantial demand for rental housing in the area.

HIGHLIGHTS
  • 13 Extra Large One Bed Apartments
  • Meticulously Maintained by Same Owner Since 1977
  • Recent Capital Improvements Include Newer Plumbing, Electrical Wiring, Windows & Porches
  • Several Empty Basements with Tall Ceilings
  • Significant Rental Increase Achievable After Renovations
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922