Essex Realty Group, Inc. has been exclusively engaged to market for sale 1348 N. Artesian Ave., a 3-flat greystone value-add apartment building located in Chicago’s East Humboldt Park / West Wicker Park neighborhood.
The building consists of three (3) oversized 2 Bd/1 Ba apartments and a large basement providing potential to duplex down the first floor unit. The well-maintained property has received many capital improvements, including all new copper plumbing throughout, new electric service, newer steel/wood rear balconies, newer windows (in 2 of 3 apartments), newer tear-off roof and a newer concrete parking pad. All units have high ceilings, large eat-in kitchens and separate living rooms and dining rooms.
The property is situated on the west side of Artesian Avenue, just south of Hirsch Street, and is located within walking distance of all that Wicker Park and Logan Square have to offer. In addition, the property is situated within close proximity to multiple CTA bus stops along Western Avenue, North Avenue and Division Street.
- Sold at a 5.11% Cap on Current Income
- Significant Value-Add Opportunity
- Desirable East Humboldt Park Location
- Below Market Rents
- Updated Building Systems