UNDER CONTRACT – MULTI-FAMILY
3508 North Sacramento Avenue Chicago, IL 60618
NEIGHBORHOOD
Avondale
PRICE
Call for details
NUMBER OF UNITS
15
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 3508-16 North Sacramento Avenue, a 15-unit property in the Avondale neighborhood of Chicago. The property was originally developed and built in 2014 and features three neighboring buildings with condo-quality units.

The subject property is comprised primarily of large 2 Bed/2 Bath and 3 Bed/3 Bath simplexes, and several 3 Bed/3 Bath Duplex units. Each unit features hardwood floors, quartz countertops, stainless steel appliances, central heat and air-conditioning, large fireplaces, in-unit laundry and private balconies. Each building has a small semi-private yard and one indoor garage space per apartment. An opportunity exists for an investor to acquire a low-maintenance asset in an excellent Avondale location and to increase rents in as-is condition or convert to condominiums.

The property is located on the corner of Sacramento and Addison, just west of California and south of Addison, steps from dining, shopping, parks, and entertainment. Additionally, 3508 N. Sacramento Ave. is located less than one mile from both the Belmont and Addison Blue Line CTA Stations, numerous bus stops, and the popular Sacramento Playlot Park.

Property can be purchased with 2904 West Belmont Avenue as a portfolio.

https://www.themaynardat3508nsacramento.com/
https://www.themaynardat2904wbelmont.com/

LOCATION DETAILS

RICH HISTORY: Avondale is located on the Northwest side of the city, close to the north branch of the Chicago River and less than 10 miles from Chicago’s Loop. Situated between the Victorian-era mansions on double lots in Old Irving and the stately Greystones along Logan Boulevard, Avondale continues to grow as artists, urban professionals, and young families move northwest along the ever-popular Milwaukee Avenue. The neighborhood offers convenient public transportation; the “L” Blue Line stops in the center and the northern edge of the area, while Belmont Avenue and Addison Street are lined with several CTA bus stops. Additionally, the Kennedy Expressway (I-90/94) runs through Avondale, providing residents easy access to downtown and the Chicagoland area suburbs

PRIME LOCATION: The Property is located near the corner of Sacramento and Cornelia, just west of California and south of Addison, steps from dining, shopping, parks, and entertainment. Additionally, 3508 N. Sacramento Ave. is located less than one mile from both the Belmont and Addison Blue Line CTA Stations, numerous bus stops, and the popular Sacramento Playlot Park.

HIGHLIGHTS
  • 15 Condo Quality Apartments Featuring Large 2 & 3 Bedroom Floor Plans, Including 4 Duplex Units
  • Units Feature Expansive Kitchens, Master Bedroom/Bathrooms & Outdoor Space
  • Unit Sizes Range Between 1,100 & 1,800 SF
  • Garage Parking Included with Each Unit
  • Priced Significantly Below Individual Condo Value
  • https://www.themaynardat3508nsacramento.com/
  • Comparable Nearby Units Recently Closed Between $350,000 & $500,000
  • Ability to Purchase Property Separately or with 2904 West Belmont Avenue as a Portfolio
LISTING BROKERS
Jordan Gottlieb
Principal
773.305.4922
Matt Feo
Director
224.305.4102