Essex Realty Group, Inc. is pleased to announce the sale of 1657-1659 W. Foster Ave. a 12-unit mixed-use property in Andersonville. The 10 apartments consist of two (2) 1 Bd/1 Ba and eight (8) 2 Bd/1 Ba units which all feature spacious layouts, granite countertops, stainless steel appliances, in-unit laundry, radiator heat and through-wall A/C. The building has maintained great tenant retention in the apartments and long term occupancy in the retail over the years with the street level retail leased to a local bakery and local wellness office. Essex had garnered 18 property showings and procured 4 offers to purchase the property.
The subject property is located on the Southeast corner of Foster and Paulina, just two blocks west of the renowned intersection of Clark and Foster which marks the center of the Andersonville neighborhood. Andersonville has quickly become one of the more prominent destinations to live in the City of Chicago due to its vibrant commercial corridor, rich history, and unprecedented architecture.
Andersonville features a bustling commercial corridor that is largely comprised of the Andersonville Commercial Historic District which runs from 4800 N Clark Street to 5800 N Clark Street. This stretch includes several local and national retailers, restaurants and bars that work in conjunction to provide an appeal of charm and convenience for Andersonville’s diverse population. Retailers within walking distance including Mariano’s, PetSmart, and CVS. Popular restaurants/nightlife in the neighborhood include Hopleaf, Reza’s, Lady Gregory’s, Koval Distillery, and The Bongo Room.
The CTA Red line has two stops near the subject property located at Argyle and Berwyn. The Argyle station is just 8-minutes walking distance from 1657 W Foster, and the Berwyn station is just 9-minutes walking distance from 1657 W Foster. The Red line passes through these stations frequently allowing residents an easy commute throughout the Chicagoland area. Bus lines that are easily accessible to the subject property include the #92 Foster and #22 Clark. In addition, the Ravenswood Metra Station is just a half mile south of the subject property.
- Irreplaceable Andersonville Location
- Hard Corner, Vintage Walk Up Building
- Ten (10) Apartments; Two (2) Stores
- 18 Property Tours
- 4 Offers