Essex Realty Group Lists Renovated Lincoln Square Multifamily Asset for $2.7 Million

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced it has been exclusively engaged to market for sale 4636 North Hamilton Avenue, a fully renovated 6-unit apartment building ideally located on a tree-lined street in Chicago’s highly sought-after Lincoln Square neighborhood.

Transaction Summary

• Transaction Type: Lincoln Square Apartment Building Listing
• Address: 4636 North Hamilton Avenue, Chicago, Illinois
• Neighborhood: Lincoln Square
• Property Type: Multifamily Apartment Building
• Unit Count: 6 Units
• Listing Price: $2,700,000
• Cap Rate: 6.7%
• Brokers: Principal Jim Darrow, Principal Jordan Gottlieb, and Director Brian Keegan

Property Overview: 6-Unit Apartment Building in Lincoln Square

The building is listed by Essex Realty Group Principals Jim Darrow and Jordan Gottlieb, along with Director Brian Keegan.

Completed in 2025, the gut-renovated property features designer finishes with thoughtfully engineered, spacious layouts designed to appeal to today’s renters.

The building features an attractive unit mix including two 2-bedroom/1-bathroom apartments, two 3-bedroom/1-bathroom apartments, one 4-bedroom/2-bathroom duplex, and one 5-bedroom/2-bathroom duplex, offering flexibility for a wide range of tenant profiles.

Each apartment showcases luxury finishes, including refinished hardwood floors, stainless steel appliances, quartz countertops, and sleek tile work in kitchens and bathrooms. Additional features include custom closets, decorative fireplaces, in-unit laundry, and individual HVAC systems.

Residents also benefit from a shared front patio with a grilling area, along with four off-street parking spaces located at the rear of the property.

Investment Opportunity for Chicago Multifamily Investors

The property is offered at $2,700,000 with a going-in capitalization rate of 6.7%, presenting investors with a stabilized, turnkey asset in one of Chicago’s most desirable rental submarkets with attractive financials from day one.

“The property offers large, luxurious units in a low-density neighborhood with minimal competition, as it is primarily surrounded by single-family homes and vintage apartment buildings,” said the Essex Realty Group brokerage team. “Combined with excellent access to public transportation and the strong retail and dining amenities along Lincoln Avenue in Lincoln Square, you check all the boxes for a rare investment opportunity.”

Lincoln Square Multifamily Investment Market

Situated at the northwest corner of Hamilton and Eastwood Avenues, the property offers exceptional proximity to Lincoln Square’s vibrant retail, dining, and entertainment corridors along Lincoln and Damen Avenues, just two blocks away.

Nearby Welles Park and Winnemac Park provide abundant outdoor recreation, including sports fields, playgrounds, tennis and pickleball courts, an indoor pool, and community gardens.

The property is also well-positioned for commuters, with access to the Western and Damen CTA Brown Line stations, the Ravenswood Metra stop, multiple CTA bus routes, and convenient connectivity to I-90/94.

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About Essex Realty Group

Essex Realty Group, LLC has served Chicago’s investment real estate market since 1990 as a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs.