Essex Realty Group, Inc. has been exclusively engaged to market for sale 1701 W. Estes Ave., a 25-unit apartment building located on the corner of Estes Avenue and Paulina Street in Chicago’s Northside neighborhood of Rogers Park.

The building is comprised of seven (7) one bedroom/one bathroom units, twelve (12) two bedroom/one bathroom units, and six (6) three bedroom/one bath units. The units feature sunrooms, white appliances, laminate countertops, hardwood floors, and radiator heat.

The subject property participates in a Housing Assistance Program (HAP) contract that includes 100% of the apartments. The HAP contract expires on June 30, 2034, and is subject to Automatic Operating Cost Adjusted Factor (OCAF) increases. Copies of the HAP documents are available in the secure deal room.

1701 W. Estes provides investors with the opportunity to acquire a well-maintained apartment building located only 0.2 miles from the Rogers Park UP-N Metra Station and is in close proximity to local restaurants and commercial corridors.

Rogers Park is Chicago’s northernmost lakefront neighborhood. Spanning from Devon Avenue to Howard Street, Rogers Park is home to more than 55,000 residents, 72% of whom are renters. In addition, Rogers Park has virtually no new market-rate housing developments in its pipeline, unlike Chicago’s other lakefront neighborhoods, adding a layer of protection to apartment investors.

1701 W. Estes Ave. is conveniently located 0.3 miles from the Jarvis Purple and Red Line Station and 0.4 miles from the Rogers Park UP-N Metra Station, providing tenants easy access throughout Chicagoland.

• 25 Units in Rogers Park
• Existing HAP Contract Expires in 2034
• Well-Maintained 1-, 2-, and 3-Bedroom Units