Essex Tapped To Sell Multifamily Asset Near Loyola University
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market for sale 1256 W. North Shore Avenue, a multifamily property located in the Loyola University submarket of Rogers Park.
1256 W. North Shore Avenue is a five-unit walk-up apartment building located approximately one block west of North Shore Beach and beautiful Lake Michigan. The unit mix is comprised of one-, two, and four-bedroom floorplans. The property is situated in a desirable pocket just steps away from Loyola University’s Lake Shore campus.
“This is an excellent opportunity for an investor to acquire a multifamily property with several value-add potentials,” explained Jacob Goldstein, one of the listing brokers. He added, “even in the building’s current state, the rents are significantly below market. Additional value can be realized should an investor elect to update the apartment finishes and convert the one-bedroom units, dramatically increasing the cash flow.”