UNDER CONTRACT – MULTI-FAMILY
5428-30 & 5452-54 N. Campbell Ave. 60625, IL Chicago
NEIGHBORHOOD
Lincoln Square
PRICE
Call for details
NUMBER OF UNITS
15
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 5428-5430 N. Campbell Ave. & 5452-5454 N. Campbell Ave., a two-building portfolio comprised of fifteen (15) apartments. The properties are conveniently located steps from one another in the Budlong Woods neighborhood within Chicago's highly desirable Lincoln Square community.

5428-5430 N. Campbell Ave. consists of eight (8) apartments with a unit mix of six (6) two bedrooms, one (1) one bedroom, and one (1) studio apartment. 5452-5454 N. Campbell Ave. has seven (7) units with a unit mix of six (6) two-bedrooms and one (1) one-bedroom apartment. The properties received full gut-renovations in 2010 and 2014, respectively, and every unit features hardwood floors, modern kitchens and baths, and high ceilings. Tenants at each property have access to coin-operated laundry and secured storage lockers in the basement. In addition, there are four (4) surface parking spaces in the rear of 5428-5430 N. Campbell Ave.

The properties are fully occupied turn-key investments located in the rapidly appreciating, low-density pocket of Budlong Woods. While the property generates strong cash flow as-is, rental market trends are showing a willingness from renters to pay more for certain amenities; thus, there exists a value-add opportunity by adding in-unit laundry and raising rents accordingly.

LOCATION DETAILS

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HIGHLIGHTS
  • All Units Renovated including New Electric and Plumbing (2010 & 2014)
  • Twelve 2Bd/1Ba, Two 1Bd/1Ba, and One Studio Apartment
  • Low-Maintenance Investment Opportunity
  • Close Proximity to Public Transportation
  • Conforming Garden Units
LISTING BROKERS
Rick Ofman
Director
773.305.4900
Jaimie Steinher
Director
773.305.4916
Kate Varde
Principal
773.305.4908