Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1435-1439 North Ashland Avenue, an 8-unit multi-family property located in Chicago’s vibrant Wicker Park neighborhood. The property consists of two brick buildings and a large tree lined courtyard that together sit on three standard Chicago lots. The eight units are divided between both renovated buildings. Five of the units are in the 1435 building, and three units are in 1439 building, which is set to the rear of the beautiful courtyard away from Ashland. The unique apartments are all large, bright & spacious, and feature hardwood floors, stainless steel appliances, quartz or granite counters, individual HVAC, laundry in-unit and private outdoor space. 1435-39 North Ashland is the only building on the street to feature its own courtyard.

The property is located on a quiet portion of Ashland Avenue, just 4 blocks from the Wicker Park Historic District and the Wicker Park Chicago Landmark District. 1435-39 North Ashland is 2 blocks to the Division & Milwaukee “L” station or 4 blocks to the North/Damen “L” station with quick access to the CTA Blue Line, along with several bus stops, offering tenants countless transportation options. 1435-39 North Ashland presents an investor with a unique opportunity to acquire a well-located, one-of-a-kind property in one of Chicago’s most popular and dynamic neighborhoods.

Located just a short distance northwest of downtown Chicago, Wicker Park has soared in popularity among Chicago’s neighborhoods. With an estimated more than 200 restaurants/bars (*Wicker Park Bucktown Chamber of Commerce), vibrant retail corridors, buzzing nightlife, and tremendous public transportation access the neighborhood has become an epicenter for high earning young professionals and families. In recognition of its allure, Chicago Reader crowned it as the “Best of Chicago” in 2014.

Developing apartments in Wicker Park presents a compelling opportunity given the area’s pronounced affluence and high real estate demand. With property ownership often out of reach, given an average single-family home price in excess of $615,000, luxury apartments cater to the affluent demographic seeking a top-tier urban living experience. The neighborhood’s staggering average household income, consistently surpassing more than double the national average, reflects a strong economic base capable of sustaining high rents. More than 60% of the population base are renters, according to Esri’s GIS mapping and analytics software and as reported by CoStar, further evidencing a strong demand for Multi-Family housing.

• Two Brick Buildings on a Triple Lot with Beautiful Tree Lined Courtyard
• Eight Oversized Units Consisting of 2, 3 and 4 Bedroom Mix
• Apartments Feature Stainless Steel Appliances, Individual HVAC, Laundry In-Unit & Private Outdoor Space
• Less Than 2 Blocks to the Division "L" & 4 Blocks to the Damen "L" Blue Line Stations & Multiple Bus Stops
• Ideally Located Near Damen, Division & Milwaukee Avenue's Dining & Entertainment Options in Wicker Park