Essex Realty Group, LLC has been exclusively engaged to market for sale 1049 N. Wolcott Ave., a six-unit apartment building ideally situated in the most coveted pocket of the highly sought-after Ukrainian Village neighborhood – thanks to its close proximity to the prized Division Street Corridor and the Division CTA Blue Line Station. The property represents a rare opportunity to acquire a true value-add investment in a market characterized by consistently strong demand and lucrative rent potential.

Additionally, the property is conveniently located within Chicago’s ADU Zone, and contains a large unutilized basement, as well as an oversized brick garage in the rear.

Situated on a quiet, tree-lined street just one block from the Division Street Corridor, the property enjoys immediate access to a diverse mix of retail, restaurants, and neighborhood amenities, along with convenient proximity to the Division CTA Blue Line Station. Ukrainian Village remains one of Chicago’s most desirable neighborhoods, celebrated for its historic architecture, walkable streets, and vibrant community character. The location also offers excellent connectivity via Chicago Avenue, Division Street and Ashland Avenue, providing quick access to the Loop, Fulton Market, and the Illinois Medical District.

Property Owners are licensed brokers in Illinois.

Ukrainian Village is a highly desirable neighborhood within the West Town market, celebrated for its historic brick architecture, tree-lined streets, and vibrant local character. The area provides excellent connectivity via Chicago Avenue and Division Street, with quick access to the Loop, Fulton Market, and the Illinois Medical District. Residents enjoy a walkable environment rich with independent restaurants, neighborhood cafes, and unique retail.

Demand for well-maintained rental housing remains strong, supported by a stable demographic profile and limited new multifamily
development. The neighborhood attracts young professionals and long-term residents seeking urban convenience in a community-focused setting. Ukrainian Village continues to stand out as one of Chicago’s most compelling residential investment submarkets.

• Premier Ukrainian Village Location – One Block from Division Street Restaurants, Steps to Division CTA Blue Line Station
• Strong Value Add Potential – Upgrade Units and Utilize Large Unfinished Basements
• ADU Zone Flexibility – Potential to Add Units in Basements and/or above Oversized Brick Garage
• Excellent Connectivity – Easy Access to Loop, Fulton Market, and Illinois Medical District