Essex Realty Group, LLC. is pleased to present 1404 W. Estes Ave., a 15-unit condominium building located in Chicago’s vibrant lakefront neighborhood of Rogers Park. Situated just steps from Sheridan Road and Loyola Beach Park, this well-positioned asset offers both convenience and long-term investment potential.
Essex has been exclusively engaged to represent the 1404 Estes Condominium Association in the sale of all condominium units, pursuant to Section 15 of the Illinois Condominium Act.
The property is a California-style building featuring an attractive unit mix, consisting of twelve (12) one-bedroom units and three (3) two-bedroom units. Additionally, there are nine surface parking spaces located at the rear of the building. While unit finishes vary, all layouts are notably spacious, offering open and efficient floor plans with hardwood flooring throughout the living areas.
The building is heated by hot water baseboard heaters supplied by a central boiler, and two hot water tanks provide domestic hot water. Each unit is equipped with in-unit laundry, microwaves, and dishwashers, enhancing convenience and amenities for residents.
This offering represents a rare opportunity to acquire a well-maintained, value-add asset in one of East Rogers Park’s most active rental pockets. Currently, seven units are leased, and strong rental demand is driven by the property’s proximity to the lakefront and Loyola University.
Known for its beaches, vintage apartments, cultural diversity, and Loyola University, Rogers Park is one of Chicago’s most robust lakefront communities. Just ten miles North of Chicago’s Central Business District, Rogers Park has convenient transportation to and from the city including four CTA “L” stops (Loyola, Morse, Jarvis, & Howard stops); one Metra Train stop at Lunt Avenue; five local bus lines; and the Howard Bus and “L” terminal which is the starting point for north suburban travel.
Rogers Park, boasting a population of just over 60,000 people, stretches along Lake Michigan between Devon and Howard and runs west to Ridge Avenue. The neighborhood is home to over 130 restaurants and just as many diverse retail offerings along its central corridors and quaint, tree-lined streets.
Also of great impact to the Rogers Park neighborhood is the explosive growth in enrollment at Loyola University. The University’s Lake Shore Campus is just steps away from the subject property and is home to over 16,000 students and 1,000 faculty members. Eighteen of Loyola University’s nineteen residence hall buildings are located in the Edgewater and Rogers Park neighborhoods, prompting established retailers and eateries to open convenient locations along the campus’ perimeter.
- 15 Unit Condo Deconversion
- Highly Desirable Rental Pocket of Rogers Park
- Spacious One and Two-Bedroom Units
- Nine Parking Spaces – A Rare Amenity in the Area
- Situated Just One Block from Chicago’s Iconic Lakefront Beaches
- Steps Away from Metra Red Line
- Below Market Rents, Presenting A Tremendous Value-Add Opportunity