Essex Realty Group, Inc. is pleased to announce the sale of 1324 West Barry Avenue, a 4-unit property located in Chicago’s popular Lakeview neighborhood. The front building contains an oversized 5 bed/2 bath duplex down apartment and a large 3 bed/1 bath apartment. The charming coach house houses a 3 bed/2 bath duplex down and a 2 bed/1 bath simplex.
Rents average just $731 per bedroom per month while 3 out of 4 units have been remodeled with new kitchens and bathrooms while maintaining vintage hutch’s and archways. These units feature black or stainless steel appliances, granite countertops, and individual furnaces with AC throughout the property.
The buyer was attracted to the excellent location, just steps from Southport Corridor, and the opportunity to further improve upon the property by updating the coach house units. Essex successfully conducted 12 property tours & several offers.
RICH HISTORY: Lakeview is one of the most prominent areas in Chicago, located north of the Loop and bordering Lake Michigan. Its proximity to the City’s central business district combined with convenient access to public transportation has led to substantial residential and retail growth, which have been the driving forces in transforming the neighborhood into one of the foremost places to live in Chicago. Home to the Chicago Cubs and Wrigley Field, the country’s second oldest ballpark, the neighborhood is filled with restaurants, boutiques and small businesses making up the majority of tenants along retail corridors with major national tenants consistently moving in each year.
PRIME LOCATION: The property is located on the north side of Barry Avenue, just south of West Belmont Avenue in Chicago’s Lakeview neighborhood. 1324 West Barry Avenue is steps from The Southport Corridor, a popular street full of local charm featuring a wide variety of boutiques, salons & spas, and trendy restaurants. The property is also conveniently located approximately ½ mile from the Wellington, Southport & Belmont CTA Stations, and in close proximity to numerous bus stops and Divvy bike stations.
- Prime Location in the Heart of Lakeview Steps from Southport Corridor
- 12 Property Tours + Several Offers
- Rents Average $731 Per Bedroom Per Month
- Vintage Detailing with Updated Kitchens & Bathrooms
- Value-Add Opportunity to Renovate Coach House Units