Connect CRE Chicago

Essex Lists Pair of Pilsen Opportunities

August 02, 2021

Essex Realty Group has been selected to market two Pilsen investment opportunities – 2015 S. Racine Ave. and 2021-2029 S. Ruble St. The firm’s Jim Darrow and Jordan Gottlieb are marketing 2015 S. Racine, while Darrow and Steve Livaditis are marketing 2021-2029 S. Ruble.

2015 S. Racine is a one-story bow-truss building, listed at $1,375,000. Current ownership uses the property as a professional photography studio, but Essex says the flexible work-space will adapt well for any creative-use scenario. With a special use permit, an opportunity exists for an investor to convert the property to an official live-work space.

Positioned for redevelopment, 2021-2029 S. Ruble spans five contiguous lots on the east side of Ruble Street, just south of Canalport Avenue. At present, the portfolio is comprised of four multifamily apartment buildings, all two-flats, plus two garages. Current zoning allows for a vast array of development options. Asking price is $1,850,000.

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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Tagged in this post: Jim Darrow , Steven Livaditis , Jordan Gottlieb