Essex Realty Group, Inc. is pleased to exclusively present for sale 1032 W. Leland Avenue in Chicago, Illinois. This nineteen unit mixed-use property was renovated in 2011. The property presents a unique opportunity to add value by the raising rents approximately 21% to market rates.The property is steps from the Wilson CTA Red & Purple line stop which is part of the largest capital improvement project in CTA History. The property is located within a TOD zone and will benefit from the growing demand and rising rents in the Uptown submarket.
- 2011 renovated property with attractive in-place income
- Value-add opportunity; potential to raise the rents 21% ($269 on average per unit)
- Updated building systems
- Walking distance to 2 CTA stations servicing the Red and Purple Lines