ReJournals | Illinois Multifamily

Essex markets value-add opportunity in Chicago’s Avondale

March 28, 2022

Essex Realty Group, Inc. has been selected to exclusively market 2842-2844 W. Fletcher St., a 13-unit multifamily property located in Chicago’s Avondale neighborhood.

2842-2844 W. Fletcher St. is comprised of a mix of one- and two-bedroom apartments. According to Doug Imber, one of the listing brokers, “Between the vintage condition of most of the units, combined with the explosion of the Avondale neighborhood rental market, the property is ideally suited for a cosmetic renovation.” Investors have the opportunity to improve the property by modernizing common areas, making cosmetic updates to unit interiors, and adding in-unit laundry in the remaining apartments. First-floor apartments feature individual HVAC, and select units have modern finishes throughout with in-unit laundry.

The property is situated in a prime pocket of Avondale, just west of the Belmont, California and Elston Avenue six-way intersection. The property benefits from close proximity to public transportation as the Belmont Blue Line CTA Station is located just 0.8 miles west along Belmont.

2842-2844 W. Fletcher St. is listed for sale at $2,350,000 by the Essex team of Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd and Rick Ofman.

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Tagged in this post: Doug Imber , Kate Varde , Rick Ofman