Essex Hired to Sell $8.5M De-Converted Condo Building in Lincoln Park

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market 2500 North Clybourn Avenue, a multifamily property located in Chicago’s Lincoln Park neighborhood.

The Maynard, located at 2500 North Clybourn Avenue, is a one-of-a-kind 27-unit multifamily property situated on Clybourn Avenue, just two blocks north of Fullerton Avenue. Built in 2013, the property was originally developed as condominiums that have since been converted to apartments. The unit mix is comprised of large 1- and 2-bedroom units with open layouts and 10’ ceilings. The expansive floorplans have high-end condo-quality finishes including hardwood floors, granite counters, sleek black appliances, subway tile backsplash, walk-in closets, individual HVAC and in-unit laundry.

The property also features wide hallways and staircases, a common elevator and large indoor parking with controlled access. An opportunity exists for an investor to acquire a low-maintenance asset in an excellent Lincoln Park location and to increase rents in as-is condition. The property is currently listed for sale at $8,500,000 by Essex Principal Jordan Gottlieb and Director Matt Feo.