Essex Realty Group, Inc. is pleased to announce the sale of 1651 West Chicago Avenue, a luxury 8-unit mixed-use property located in Chicago’s popular West Town neighborhood. The building was completed in 2011 and is comprised of six luxury 2 bed/2 bath apartments and two ground level retail spaces, benefiting from the strong foot traffic on Chicago Avenue. The apartments are superior to most condominiums in the area, featuring direct elevator access to each unit, 12′ ceilings, expansive layouts, outdoor space and private garage parking. They also feature designer finishes including hardwood floors, gas fireplaces, stainless steel appliances, quartz counters with kitchen islands, walk-in closets, individual HVAC, laundry in-unit, garage parking, large back decks and rooftop deck access for each of the fourth floor apartments.
Essex conducted an extensive marketing campaign resulting in over 13 property tours.
The West Town neighborhood of Chicago is located a few miles west of Chicago’s Loop and offers views of Chicago’s skyline from most parts of the neighborhood. West Town benefits by being comprised of several neighborhoods who’s residents have brought a rich history. Neighborhoods within West Town include: East Village, Eckhart Park, portions of Humboldt Park, Noble Square, portions of River West, Smith Park, Ukrainian Village, and Wicker Park.
Today, West Town is rapidly gentrifying and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, taprooms, quaint coffee shops, and a booming restaurant and nightlife scene. 1651 West Chicago is located in the heart of West Town, directly on popular Chicago Avenue, as well as in close proximity to several public transportation options, walking distance to the West Loop/Fulton Market & Ukrainian Village/Wicker Park neighborhoods.
*Neighborhood information from https://www.westtownchicago.com/
- 6 Luxury 1,400 SF Apartments with Direct Elevator Access, 12' Ceilings, Private Outdoor Space & Garage Parking
- Recent Condo Sales in Adjacent Building = $500,000+
- Two Street Level Retail Spaces, One Leased Through 2027
- Prime West Town Location, Walking Distance to West Loop/Fulton Market, Ukrainian Village & Wicker Park
- Assumable Debt Available at 4.2%