Essex Realty Group is pleased to exclusively offer for purchase 1000-1014 E 47th St in the heart of Kenwood, one of Chicago’s most sought-after South Side neighborhoods.

Bronzeville, a historic neighborhood in Chicago, is experiencing a rapid resurgence, making it an attractive investment opportunity. This vibrant community, known for its rich cultural heritage, is undergoing a transformation with new developments and a surge in rent growth, making it an ideal location for redevelopment investments.

Bronzeville’s strategic location also makes it an attractive investment option. The neighborhood offers easy access to I-90, making it convenient for commuters to travel to downtown Chicago and other parts of the city. This accessibility, combined with the area’s growing popularity, has contributed to the increase in rental rates. Furthermore, Bronzeville’s rich history and cultural significance add to its allure. The neighborhood is home to several landmarks, including Unity Hall and the Chicago Defender Building, which attract tourists and residents alike.

One of the key factors driving the appreciation of property values in Bronzeville is its proximity to the University of Chicago. The university’s expansion and the influx of students and faculty have increased the demand for housing in the area. Additionally, the university’s presence has spurred the development of new amenities and services, further enhancing the neighborhood’s appeal.

• Adaptive Reuse / Redevelopment Site Opportunity
• Prime Location: Proximity to Lake Michigan and University of Chicago's Campus
• The Buildings Are in Solid Physical Condition
• Favorable Zoning Surrounding the Campus: RT-4 & RM-5, Allowing for Denser Multifamily Housing