Essex Realty Group, Inc. is pleased to announce the sale of 1041 N. Hermitage Ave., a rarely available corner 6-unit apartment building in a prime East Ukrainian Village location. The Subject Property consists of one (1) 1 Bd/1 Ba Loft unit with dramatic ceiling heights and five (5) 2 Bd/1 Ba units, along with three (3) exterior parking spaces. Located on a quiet tree-lined street, steps from the Division commercial corridor, the property has access to an abundance of retail and restaurants and is just steps from the Division CTA Blue Line Station.
Essex led an extensive marketing campaign resulting in 30+ tours and 13+ offers. The property sold within 3% of the list price to a local investor.
The West Town neighborhood of Chicago is located less than three miles from the Chicago Business District and offers views of Chicago’s skyline from most parts of the neighborhood. West Town boundaries are Division Street to the north, the Kennedy Expressway to the east, Grand Avenue to the south and California to the west. In the 1960s, the construction of the Kennedy Expressway initiated a radical change to West Town, as the expressway dramatically improved accessibility to the neighborhood. In the early 1980s, urban pioneers began moving to the area, but it wasn’t until after the turn of the 21st century that West Town saw a sharp influx of artists and young business professionals. West Town benefits by being surrounded by several notable Chicago neighborhoods. Located at its north border is Wicker Park, which was recently ranked by Forbes as the 4th hippest neighborhood in the nation. At its west border is Humboldt Park, which also recently received national recognition when it was named America’s 10th hottest neighborhood by Redfin. In addition, West Town benefits by being located within very close proximity to the West Loop, which is currently undergoing a transformation into a tech company hub. Companies such as Google, Twitter and LinkedIn all have decided to make the West Loop their Chicago home, bringing many well-paying jobs to the area. Today, West Town is rapidly changing and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, independent theaters, quaint coffee shops, and a booming restaurant and nightlife scene. 1041 N. Hermitage Ave. is located in a premier pocket of East Ukrainian Village, just blocks from the neighborhood’s popular restaurants on Division, Chicago and Ashland as well as close proximity to public transportation.
- 30+ Tours
- 13+ Offers
- Sold within 3% of list price
- Premier East Ukrainian Village Location Steps from Division
- Steps from Division CTA Blue Line Station