Essex Realty Group, LLC has been exclusively engaged to market for sale 1852 W. Wabansia Ave., a six-unit apartment building in the heart of Bucktown, one of Chicago’s most sought-after neighborhoods. Ideally situated just steps from the 606 Bloomingdale Trail and the iconic six-way intersection of Milwaukee Avenue, North Avenue, and Damen Avenue, the property offers residents exceptional access to Bucktown and Wicker Park’s renowned collection of restaurants, bars, nightlife, retail, and entertainment.

The property is also conveniently located just 0.3 miles from the Damen & Milwaukee/North CTA Blue Line Station, and only 0.6 miles from the Kennedy Expressway, providing excellent transit and regional accessibility.

Six Unique Unit Types Provide Rare Diversification
The property consists of six units, with no two units being the same unit type, creating a uniquely diversified rental profile. Unlike properties concentrated in a single or limited number of unit types, the offering provides exposure across a broad range of renter profiles and housing preferences, reducing reliance on any one segment of the rental market. This level of diversification is rarely found in a six-unit property.

Significant Rental Upside
The units have been well maintained and offer a compelling opportunity to increase cash flow through a straightforward mark-to-market strategy. Current rents are estimated to be approximately 15% below market in their as-is condition, with average monthly rent projected to increase from $2,429 to $2,792, representing approximately
$26,112 of additional annual income.

The opportunity to acquire a well-maintained asset with a diversified unit mix, significant rental upside, and a prime Bucktown location presents an attractive combination of current cash flow, near-term income growth, and long-term appreciation potential.

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• Prime Bucktown Location
• Recently Gut-Renovated
• Near The 606 Bloomingdale Trail and Renowned Six-Way Intersection of Milwaukee, North & Damen
• Six Fantastic Layouts with Unique Unit Types Providing Rare Diversification
• Rents Approximately 15% Below Market in As-Is Condition
• 0.3 Miles to Damen CTA Blue Line Station
• 0.6 Miles to Kennedy Expressway