Essex Hired To Sell Buena Park Multifamily Asset For The First Time in 35 Years
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market 4012-14 N. Sheridan Road, an eight-unit center entrance apartment building located in Chicago’s Buena Park neighborhood. The property has been under the same ownership for over 35 years and has been well maintained during its tenure.
Listed for $2,700,000, this apartment building is comprised of a mix of one- two- and three-bedroom apartments. The apartments are spacious, ranging from 1,500 SF – 2,000 SF each. Each expansive unit includes a formal dining room, oversized family room, and an outdoor terrace.
“This is truly a rare offering with multiple investment strategies for a new owner. Originally built in 1903 as luxury residences, the property has been modernized over the years to meet today’s rental needs while preserving the historic woodwork and keeping the intricate detail intact,” explained Essex director Jacob Goldstein. Goldstein and Essex principal Steve Livaditis are the listing brokers.
The building was first renovated in the late 1980s and has been modestly updated over the years. Some improvements include updated kitchens and bathrooms, windows, copper plumbing, updated electric service, and steel porches. Additionally, all the units feature individual HVAC units and in-unit laundry. One of the most appealing aspects of this offering is that the property sits on an approximately 10,500SF lot that provides up to 12 parking spaces at the rear of the property for tenants.
The Sheridan Red Line CTA Station is conveniently located approximately one block south of the property.
Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.
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