Lincoln Park Multifamily Property On The Market For The First Time Since 1977

Essex Realty Group, Inc. has exclusively been engaged to market 822 West Wrightwood Avenue, a Lincoln Park multifamily property available for the first time in over 40 years. Listed at $3,700,000, this rare, once-in-a-generation opportunity features 13 large one-bedroom apartments which have 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.

“This property is not only situated in a prime location in Lincoln Park on the northeast corner of Wrightwood and Dayton, but it also offers a new owner a variety of investment strategies,” says Jordan Gottlieb, Essex Realty Group principal and broker for the property. He adds, “If the proposed ADU ordinance passes, a new owner could also add an additional apartment unit by utilizing the basement space.”

The property has been meticulously maintained by its long-term owners. A new investor has the opportunity to make updates to kitchens and baths and add individual HVAC and in-unit laundry to increase rents substantially, or to continue to operate the property as-is in this premium location. The property is ideally situated on the northeast corner of Wrightwood Avenue and Dayton Street giving the apartments incredible light. It is conveniently located four 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.