Essex Hired To Sell Two Lincoln Square Multifamily Investment Opportunities
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market two multifamily properties located just steps apart from one another in Chicago’s popular Lincoln Square neighborhood, 5428-5430 N. Campbell Avenue and 5452-5454 N. Campbell Avenue.
5428-5430 N. Campbell Avenue is an eight-unit multifamily property comprised of a mix of studio, one-, and two-bedroom apartments plus four parking spaces. 5452-5454 N. Campbell is a seven-unit multifamily building comprised of mostly two-bedroom apartments and a single one-bedroom apartment. They were renovated in 2010 and 2014, respectively, and each unit has hardwood floors, modern kitchens and bathrooms, and high ceilings. Plus, the properties include coin-operated laundry on-site as well as secured storage lockers in the basement. Today an opportunity exists for an investor to obtain two fully occupied turn-key investment properties located in the rapidly appreciating, low-density pocket of Budlong Woods, a submarket of Lincoln Square.
The portfolio is listed for sale by the Essex team of Rick Ofman, Doug Imber, Kate Varde, Jaimie Steinher and Dan Shepherd. The portfolio is offered for sale at a combined price of $2,700,000.
“These assets provide an investor the rare opportunity to acquire immediate cash flow plus the ability to add value through light cosmetic upgrades as units turn” explained Ofman.