Jim Darrow & Jordan Gottlieb Hired to Sell Five-Unit Mixed-Use Property in Prime Pilsen Locale

August 17, 2022

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market for sale 1848 South Blue Island Avenue, a mixed-use investment property in Chicago’s Pilsen neighborhood.

1848 South Blue Island Avenue is a five-unit mixed-use property located on the northwest side of Blue Island Avenue. The unit mix is comprised of four spacious 2 bed/1 bath apartments plus one retail space. The retail space is approximately 2,200 square feet and is currently occupied by a florist through 2024. All the residential units were updated in 2021 and feature open layouts with stainless steel appliances, hardwood floors, quartz counters, custom tile backsplash and showers, large walk-in closets, individual HVAC and in-unit laundry.

This is an excellent opportunity for an investor looking for a stabilized acquisition in a great location. The property is located within two blocks of 18th Street, arguably Pilsen’s most well-known street. 18th Street is home to many local businesses, bars, and well-known restaurants. The property is also within walking distance to Throop Park and Harrison Park, the 18th Street & Damen L stations, as well as several bus stops and Divvy stations. Furthermore, its proximity to the Illinois Medical District and University of Illinois Chicago’s campus give scope to the robust tenant-base in the area.

The property is fully occupied and is currently listed for sale at $1,475,000. Essex Principals Jim Darrow and Jordan Gottlieb are heading the marketing and sale efforts.

Tagged in this post: Jim Darrow , Jordan Gottlieb