Essex Realty Group, Inc. is pleased to announce the sale of 1145-1161 W. Lunt Ave., a 37-unit vintage courtyard style apartment building prominently situated at the corner of Lunt Avenue and Sheridan Road, just steps from Lake Michigan. The building consists of 7 one bedroom/one bathroom; 25 two bedroom/one bathroom; 3 three bedroom/two bathroom units; and 2 commercial spaces that total 3,700 square feet.
The apartments feature new drywall, recessed lighting, new kitchens (stainless steel appliances and granite countertops), new bathrooms (new tile, vanities, and lighting), and new hardwood floors. 32 of the 35 apartments offer in-unit laundry, in addition to the community laundry room containing 4 washers and 4 dryers that are owned by the building.
1145-1161 W. Lunt Ave. is conveniently located 0.3 miles from the Morse CTA Red Line Station and 0.7 miles from the Rogers Park UP-N Metra Station.
Rogers Park is Chicago’s northern-most lakefront neighborhood. Spanning from Devon Avenue to Howard Street, Rogers Park is home to more than 55,000 residents, 72% of whom are renters. In addition, Rogers Park has virtually no new market-rate housing developments in its pipeline, unlike Chicago’s other lakefront neighborhoods, adding a layer of protection to apartment investors.
- Unit Mix: (2) Commercial, (7) 1Bd/1Ba, (25) 2Bd/1Ba, (3) 3Bd/2Ba
- Obtained Zoning Approval to Add an Additional 10 Garden Level Apartments
- Located 0.3 Miles From The Morse CTA Red Line Station And 0.7 Miles From The Rogers Park UP-N Metra Station