Essex Reallty Group, Inc. has been exclusively engaged to market for sale 1605 W. Fargo Ave., a 24-unit corner, apartment building located in Chicago’s vibrant Rogers Park neighborhood.
The unit mix consists of six (6) 1 Bed/1 Bath units with large, seperate living & dining rooms, and eighteen (18) studio apartments. Each apartment features predominately hardwood flooring with standard vintage finishes, providing new ownership with a significant value-add investment opportunity.
A new owner may realize tremendous rental upside by updating the kitchens and bathrooms and adding coin-operated laundry in the basement. Furthermore a new owner may convert the six (6) 1 Bed/1 Bath units into 2 Bed/1 Bath units, potentially increasing the rents of these unit types an addition $200 to $400 a month.
1605 W. Fargo Ave. benifits from close proximity to the Howard and Jarvis El stops, as well as multiple CTA busses, and many community parks.
Nestled along the shores of Lake Michigan, Rogers Park stands as Chicago’s northernmost neighborhood, stretching from Devon Avenue to Howard Street. Boasting a population of just over 60,000 people, this vibrant community is a dynamic blend of culture and commerce. The neighborhood’s commitment to supporting local businesses, revitalizing public spaces, and nurturing artistic expression is evident in the murals adorning the L stations that weave through the area.
Rogers Park’s cultural richness extends beyond its streets, encompassing key hubs like the Glenwood Avenue Arts District and Jarvis Square. Here, studios, galleries, coffee shops, and a variety of dining options converge, creating a thriving tapestry of creativity and community engagement. The neighborhood has flourished in recent years, drawing in a wave of young professionals and families, making its real estate market extremly sought after.
The intimate setting and attractive housing options have made Rogers Park a desirable destination for those seeking a balance between urban living and a close-knit community. Conveniently located just 0.1 miles from the Jarvis Purple and Red Line Station and 0.7 miles from the Rogers Park UP-N Metra Station, 1606 W. Fargo Ave. offers tenants not only proximity to the heart of Rogers Park but also easy access throughout Chicagoland. From its diverse retail offerings to its 130 restaurants lining tree-lined streets, Rogers Park beckons as a neighborhood that seamlessly combines culture, convenience, and charm.
- 24-Unit Vintage Apartment Building
- Unit Mix: (18) Studios & (6) 1 Bd/1 Ba
- 1 Bd/1 Ba Units May Be Converted into 2 Bd/2 Ba Units
- Value Add Opportunity With Tremendous Upside Potential
- Situated Near Multiple CTA El and Bus Stops