Essex Realty Group, LLC has been exclusively engaged to market for sale 1706-1716 W. Farwell Ave., a 12-unit walk-up apartment building located in Chicago’s Rogers Park neighborhood.

The Property consists of eight (8) two-bedroom/two-bathroom apartments averaging approximately 1,200 square feet and four (4) duplex three-bedroom/three-bathroom apartments averaging approximately 1,500 square feet.

The apartments feature hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and individual tenant-paid HVAC. The Property underwent a comprehensive interior renovation completed in approximately 2013, building on a prior mechanical systems update (individual forced-air HVAC and water heaters) installed circa 2008–2011. Subsequent capital improvements include replacement of two of the three rear wood porches and repair of the third (2015), as well as replacement of the windows with vinyl frames.

1706-1716 W. Farwell Ave. benefits from an exceptional transit-oriented location, with the Rogers Park Metra Station (UP-N Line) approximately a 5-minute walk north and the Morse Red Line Station approximately a 10-minute walk east, providing direct service to downtown Chicago and the surrounding suburbs. The Property is approximately 1.2 miles north of Loyola University Chicago, with the dining and retail corridors along Clark Street, Sheridan Road, and Howard Street within walking distance.

Rogers Park is Chicago’s northernmost lakefront neighborhood, spanning from Devon Avenue to Howard Street. Home to approximately 54,000 residents, Rogers Park boasts one of the highest renter concentrations on the North Side, with 73% of households renting rather than owning. The neighborhood is one of Chicago’s most racially and ethnically diverse communities, with a lively mix of longtime residents, Loyola University students and faculty, artists, and young professionals drawn by the neighborhood’s affordability, walkability, and lakefront access. Rogers Park’s streets are lined with independent restaurants, coffee shops, and bars representing cuisines from around the world, and the neighborhood hosts a farmers market, an annual international film festival, and a vibrant arts scene that gives it a distinct, eclectic character. The housing stock is predominantly pre-war, with a median construction year of 1942, and new market-rate development remains virtually nonexistent — unlike Chicago’s other lakefront neighborhoods. This lack of new supply, combined with deep-rooted renter demand driven by Loyola University Chicago and strong transit access via the CTA Red Line, provides apartment investors with a durable demand base and meaningful protection against occupancy and rent erosion.

• 12-unit Rogers Park walk-up with eight 2BD/2BA and four 3BD/3BA apartments
• Comprehensive interior and exterior renovation completed in 2013; two rear wood porches replaced and one repaired (2015)
• Apartments feature hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and individual tenant-paid HVAC
• Approximately a 5-minute walk to the Rogers Park Metra Station (UP-N Line) and a 10-minute walk to the Morse Red Line Station, providing direct service to downtown Chicago