CLOSED - MULTI-FAMILY
1014-1032 West Leland Avenue Chicago, IL 60640
PRICE
$3,100,000
NUMBER OF UNITS
19
PROPERTY LISTED

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.

LOCATION DETAILS

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HIGHLIGHTS
  • 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
LISTING BROKER