Essex Realty Group, Inc. is proud to exclusively present for sale 1223 W. North Shore Avenue in Chicago, Illinois. The subject property is a center entrance six-unit apartment building located in the Loyola University submarket of Rogers Park.
The subject property is a brick building featuring extremely large floor plans and the unit mix consists of six 3-bedroom/1-bathroom apartments. The kitchens feature wood cabinetry, gas stoves, dishwashers, and a mix of stainless steel and cast iron sinks. All of the apartments have decorative fireplaces, in-unit laundry, and hardwood floors throughout. All of the units have sun rooms that are currently being used as a bedroom. Additionally, each apartment has a separate dining room and enclosed back porch. A new investor has the opportunity to add a fourth bedroom in each apartment, which could potentially bring Pro Forma rental income to the market rate of $2,000+ per apartment. The property also features a four car garage at the rear of the building that provides additional revenue.
1223 W. North Shore Avenue is located on a quiet residential street just west of Sheridan Road. Sheridan Rd. is the main artery running from Loyola University to Evanston. Some of Chicago’s best beaches and parks are steps away from this property which makes this an ideal location for tenants.
The Loyola Red Line “L” stop is 1 block from the property and this station provides quick access to the loop as well as the possibility of travelling north via the CTA Red line.
- Phenomenal East Rogers Park Neighborhood
- Multiple Written Offers