Essex Lists 19-Unit Apartment Building in Prime Lakeview, Bordering Lincoln Park
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced it has been exclusively engaged to market for sale 2848 N. Seminary Ave., a 19-unit apartment building located on a beautiful treelined street in Lakeview.
A distinguished corner building, the property features a desirable mix of eight 2-bedroom/2-bathroom, one 3-bedroom/3-bathroom, and four 4-bedroom/3-bathroom apartments. The property underwent a complete gut renovation in 2018 updating the units to more functional floorplans that feature new electric service, wiring with in-unit 100 AMP panels, copper plumbing, and updated appliances.
The architect-designed apartments boast today’s most desired features including hardwood floors, stainless steel appliances, quartz counters, kitchen islands in most units, sleek tile backsplash & showers, individual HVAC, in-unit laundry, rear decks, and outdoor parking.
Essex Principals Jim Darrow and Jordan Gottlieb are listing the property. According to Jim Darrow, “Opportunities to acquire a larger, renovated building in the Lakeview or Lincoln Park neighborhoods are rare, especially in such a prime location. This makes this an exceptional trophy asset with continued long term appreciation potential.”
The neighborhood of Lakeview sits north of the Loop, bordering Lake Michigan. Its prime waterfront location and easy access to downtown have driven growth in residences and businesses, making it a top place to live. Home to Wrigley Field, the historic stadium of the Chicago Cubs, the neighborhood features a lively mix of restaurants, shops, and small businesses. Just north of Diversey Parkway in the heart of Lakeview, 2848 N. Seminary Ave. offers unparalleled access to transportation. Only a short distance from the Diversey, Wellington, and Belmont “L” stations, tenants can easily access the CTA Brown, Purple, and Red Lines, while multiple nearby bus stops and Lake Shore Drive provide seamless city connectivity. Additionally, Clark Street and Sheffield Avenue nearby offer a wealth of dining, nightlife, and entertainment options.
The ideal unit mix of 2848 N. Seminary Ave. caters to a wide range of renters, ensuring a strong and steady rental market in this high-demand location. The property is listed for $11,250,000.