Essex Brokers Facilitate Sale of Value-Add Property in Bucktown

Essex Realty Group, Inc. recently facilitated the sale of 1238 N. Maplewood Ave.

The seller, a local investor, hired Essex Director Abe Eilian to exclusively market the property for sale. After an extensive marketing campaign resulting in nearly a dozen property tours and several offers, a local investor purchased the property for $1,075,000.

1238 N. Maplewood Ave. consists of both a beautiful three-unit Greystone front building with a two-unit brick coach house in the rear. The unit mix is made up of (1) two-bedroom/one-bathroom, (3) three-bedroom/one-bathroom and (1) four-bedroom/two-bathroom units. The four-bedroom is a duplex-up. The units feature hardwood or tile floors, tall ceilings, pocket doors, oversized picture windows, stainless steel or white appliances, laminate countertops, recessed lighting, central HVAC, and onsite coin laundry.

The property is situated on the west side of Maplewood Ave., just steps to Division Street restaurants and cafes, as well as Humboldt Park, a 197-acre park featuring a historic lagoon & boathouse, a large field house, many playgrounds, and sports fields. The property is also located approximately one mile to both the Western and Damen CTA Blue Line stations, in addition to multiple bus stops.