Essex Lists Lincoln Park Apartment Building for $13.2M
Essex Realty Group, Inc., has been exclusively retained to market for sale the Arden of Lincoln Park, an exceptional luxury boutique apartment building. The Arden is located at 2725-2737 N. Ashland Avenue in Chicago’s highly sought-after Lincoln Park neighborhood. This new construction property is listed at $13,249,000.
Completed in 2020, this boutique property is comprised of three center-entrance buildings, each with six apartment units. The unit mix consists of three- and five-bedroom apartment floorplans, some of which are duplex units. Each apartment unit features beautiful high-end finishes including stainless steel appliances, quartz countertops, custom dual-tone kitchen cabinets, in-unit laundry, and individual HVAC. The expansive open floorplans offer ample storage space, and each apartment includes private outdoor living areas with excellent city skyline views.
“Constructed in 2020, the property exhibits a first-class living experience with amenities that include a fitness center, recreation/game room, and business center. In this post Covid world, large units like this with multiple levels are in high demand amongst renters and tend to have lower turnover” explained Essex director Matt Feo, the listing broker on the transaction. He continued, “The property presents a rare opportunity to acquire a luxury-new construction apartment building, steps from DePaul University’s Campus, with unparalleled access to trendy restaurants, local coffee shops, and evening entertainment options.”
2725-37 N. Ashland Ave. sits on the east side of Ashland Ave., just south of Diversey Pkwy., and is conveniently located less than one mile from the Diversey CTA Purple/Brown Line Stations.