Essex Realty Group, Inc. is pleased to announce the sale of 1355 West Chicago Avenue, located in Chicago’s popular West Town neighborhood. This large trophy building is comprised primarily of studios and 1 bedrooms which feel spacious and bright due to it’s corner location. The apartments all feature vintage finishes including laminate countertops, white kitchen appliances, boiler heat and laundry in the basement. The property also includes 3 retail spaces. 1355 W Chicago provides an investor with a value-add opportunity to update the units to feature brand new kitchens, baths, HVAC and laundry in-unit to raise current rents to market levels in a great neighborhood with a large and consistent rental market.
Essex conducted an extensive marketing campaign resulting in 43 tours and13 offers.
The West Town neighborhood of Chicago is located a few miles west of Chicago’s Loop and offers views of Chicago’s skyline from most parts of the neighborhood. West Town benefits by being comprised of several neighborhoods who’s residents have brought a rich history. Neighborhoods within West Town include: East Village, Eckhart Park, portions of Humboldt Park, Noble Square, portions of River West, Smith Park, Ukrainian Village, and Wicker Park.
Today, West Town is rapidly changing and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, independent theaters, quaint coffee shops, and a booming restaurant and nightlife scene. 1355 W Chicago is located in the heart of West Town, directly on popular Chicago Avenue, and in close proximity to public transportation.
*Neighborhood information from https://www.westtownchicago.com/
- Essex Conducted an Extensive Marketing Campaign Resulting in 43 Tours and 13 Offers
- Rare Opportunity to Transform Highly Visible West Town Property
- Primarily Studio and One Bedroom Apartments
- Variety of Possible Uses Including Short/Long Term Stay Hotel, Co-Living, Etc...
- B1-2 Zoning; Approx. 6,635 SF Lot