Essex Realty Group, Inc. is pleased to announce the sale of 1362 North Bosworth Avenue, a 17-unit property located in Chicago’s popular Wicker Park neighborhood. The building is comprised primarily of one and two bedroom apartments, including a two bedroom converted storefront. The units are a mixture of predominately vintage and lightly updated kitchens and bathrooms. All apartments are spacious & bright and feature separate individual gas furnaces and hot water heaters, along with hardwood floors and common laundry in the basement. An opportunity exists for an investor to raise current rents to market level by updating kitchens & baths, and adding in-unit laundry & individual HVAC.
Essex Conducted an extensive marketing campaign resulting in over 25 property tours and several offers.
The Wicker Park neighborhood is bordered by the Chicago River to the east, Bloomingdale to the north, Division to the south, and Western Avenue to the west. The area is named after Charles and Joel Wicker who in 1870 developed the neighborhood surrounding the park bearing their name.
Residents use public transportation options like the CTA Blue Line and the #9 Ashland bus, the #56 Milwaukee bus and the #70 Division bus. The Division Blue Line station extends out from Chicago to O’Hare airport and is located a short walk away from the subject property.
An area of exceptional artistry and character, the Wicker Park neighborhood has emerged from an artist’s haven into one of the most desirable places to live in Chicago. Today, the neighborhood is best known for its numerous commercial and entertainment establishments, as well as being a convenient place to live for downtown workers due to its proximity to public transportation and the Loop.
- Primarily 1 & 2 Bedroom Apartments with Open Layouts
- Individual Furnaces & Hot Water Tanks in Each Unit
- Opportunity to Renovate Kitchens, Baths, Install In-Unit Laundry
- Fantastic Wicker Park Location, Close Proximity to Damen/Division/North Avenue Retail and Hospitality
- Walkable Distance to the Division & Damen CTA "L" Blue Line Stations