UNDER CONTRACT – MULTI-FAMILY
4944 N. Christiana Ave. Chicago, IL 60625
PRICE
Call for details
NUMBER OF UNITS
8
PROPERTY LISTED

Essex Realty Group, Inc. has been engaged to exclusively market for sale 4944 N. Christiana Ave. The subject property is an 8-unit vintage, center entrance apartment building located in the Albany Park neighborhood of Chicago. The unit mix consists of two (2) 2 Bed / 2 Bath Garden apartments and six (6) 3 Bed / 2 Bath apartments. Each apartment has in-unit laundry and individually-metered HVAC units that provide heat and air-conditioning to the units.

The building was completely gut renovated in 2007 with brand new kitchens, bathrooms, all new bath tiles, vanities, real hardwood floors, plumbing, HVAC, hot water heaters, electric, windows, roof, and fully replaced wooden porches. The renovations also included rearranging the former layouts to create the existing enclosed floor plans and adding in-unit laundry machines.

LOCATION DETAILS

The subject property is conveniently located in the heart of the Albany Park neighborhood on Chicago’s North-side. The neighborhood is bordered by Bryn Mawr Ave. to the north, Montrose Ave. to the south, the Chicago River to the east, and Pulaski Rd. to the west. The property sits on a quiet tree-lined street surrounded by two-flats, three-flats, and single-family homes. The immediate area surrounding the subject property is low-density and primarily residential with retail shopping just minutes away.

4944 N. Christiana Ave. is steps from many retailers and restaurants along Foster Ave. and Kedzie Ave. Residents are within walking distance to Starbucks, Dandana, Tre Kronor, and Einstein Bros. Bagels. Additionally, the subject property is situated within close walking distance to a sub-neighborhood of Albany Park called North Park. North Park has become an increasingly popular destination for families and young professionals to reside. Northside College Preparatory High School is just a mile north of the subject property. Northside has earned a reputation for academic excellence, and has been consistently ranked as the #1 high school in Illinois by US News and World Report.

This Chicago neighborhood is home to two universities, Northeastern and North Park, and is also the site of WTTW public television and radio studio. Its proximity to both Northeastern and North Park University’s campus makes it a convenient residence for both students and faculty alike.

The CTA Brown line has a stop in the neighborhood located at Kimball and Lawrence. The Kimball CTA station is just a few minutes walking distance south of 4944 N. Christiana Ave. The Brown line passes through frequently allowing residents an easy commute throughout the Chicagoland area. Bus lines that are easily accessible to the subject property include the #81 Kedzie bus, the #93 Kimball bus, and the #82 Kimball bus.

HIGHLIGHTS
  • Rarely Available CAP Rate on Current Operations 6+%
  • Giant Apartments with 2 & 3 Bedroom Layouts
  • 22 Total Bedrooms in Building
  • All Apartments are Updated with Condo Finishes
  • All Building Systems were Updated in 2007
  • Four Garage Parking Spaces On Site
  • In Unit Laundry
  • Turn Key Investment with Immense Upside
  • Phenomenal Albany Park Location
  • Near CTA and North Park University
LISTING BROKERS
Joe Scheck, CFA
Director
773.305.4842
Steven Livaditis
Principal
773.305.4840