Lincoln Park Apartment Building Sells For The First Time Since 1977
CHICAGO, IL – Essex Realty Group, Inc. is pleased to announce the sale of 822 W. Wrightwood Avenue, a 13-unit multifamily property located in Chicago’s Lincoln Park neighborhood.
Essex was engaged to market this property for sale in July 2020. After conducting an extensive marketing campaign resulting in 13 property tours and five offers, the property was placed under contract after less than 30 days on the market.
Essex Principals Jim Darrow and Jordan Gottlieb with Essex Director Jordan Multack represented the seller in this transaction.
“This property has been meticulously maintained by the same owners since 1977 and presented a value-add opportunity in a premium location,” said Gottlieb.
822 W. Wrightwood Avenue is comprised of 13 large one-bedroom apartments featuring gorgeous hardwood floors, a mixture of stainless steel and white kitchen appliances, radiator heating and fantastic natural light. Recent capital improvements include newer plumbing, electrical wiring, windows and porches. The property is ideally situated on the northeast corner of Wrightwood Avenue and Dayton Street giving the apartments incredible light. It is conveniently located 4 blocks to both the Fullerton and Diversey CTA Stations, providing tenants with quick access to the Brown, Purple & Red Line CTA Stations.
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.