Essex Realty Group, Inc. is proud to exclusively offer for sale 1836 W. Erie St., a 3-unit building located in the heart of Chicago’s up and coming West Town neighborhood. The Subject Property consists of three (3) units and two (2) garage parking spaces with a unit mix of one (1) 2.5Bd/1Ba and two (2) 2.5Bd/1.5Ba apartments.
1836 W. Erie St. is located near several bus and train lines, providing easy access to downtown Chicago. The property is 0.4 miles from the CTA train station at Ashland, servicing the Green and Pink lines and 1.0 mile from the CTA Blue line train station at Division. Additionally, there are three bus routes along Grand and Chicago Avenues.
The Subject Property presents a buyer with the opportunity to acquire a turnkey asset with rental upside in a highly desirable neighborhood. Moreover, in place rents for 2.5Bd/1.5Ba units are approximately $500/month below similar neighborhood rentals.
1836 W. Erie St. underwent a full renovation in 2009. The renovation included the installation of new electric service, drywall, windows, and copper plumbing throughout the building.Units feature individual HVAC, granite countertops, stainless steel appliances, in-unit hot water tanks, and in-unit laundry.
- Opportunity to acquire fully renovated asset in a highly desirable location
- Gut-rehabbed in 2009. Renovation included new drywall, electric, plumbing, windows, individual HVAC, & individual hot water heaters
- Units feature high-end finishes including S/S appliances, updated baths, granite countertops, and in-unit W/D
- (1) 2.5Bd/1Ba, (2) 2.5Bd/1.5Ba apartments, and 2-car garage