Essex Realty Group, Inc. has been exclusively engaged to market for sale 1513 W. Erie St., a recently gut renovated legal 3-unit apartment building in Noble Square. The finishes and unit design are well-suited to compete with top-of-the-market rents – in addition to offering investors a “practically new construction” and low-maintenance asset in a budding area of West Town.
The Subject Property consists of three (3) 3 Bed/1 Bath gut renovated units. Each unit features luxury hardwood floors, quartz countertops, a kitchen island, stainless steel appliances, central heat and air conditioning, a private deck in the rear and in-unit laundry. The property also includes a two (2) car garage and large shared patio in the rear. Further, all of the siding, roof, windows, porches, plumbing, heating/cooling, and electrical service and wiring are brand new to the property.
The West Town community is centrally located and has undergone a rapid transformation into one of the city’s most desirable places to live – offering residents an array of colorful galleries and museums, independent theaters, quaint coffee shops, and a vibrant restaurant and nightlife scene. For transportation – The Division St. Blue Line CTA station is only a couple of blocks away, and nearby Ashland and Grand Avenues provide a variety of CTA bus options. The property also benefits from its close proximity to the West Loop – a known commercial hub within Chicago and home to companies such as Google, Twitter, LinkedIn and McDonald’s, all of which bring high-paying jobs to the area.
Noble Square Neighborhood
- New Construction Like Property
- All New Roof, Windows, Siding, Mechanicals, and Electrical
- Great for First-Time Operator/Owner or Investor
- Property Includes a Two (2) Car Garage
- Walking Distance to Ashland CTA Green & Pink Line, as well as Chicago CTA Blue Line
- Above Market Cap Rate