Essex Realty Group, Inc. is pleased to exclusively market for sale 1906 W. Summerdale Avenue in Chicago, Illinois. The subject property is a center-entrance six-unit apartment building located in Chicago’s Bowmanville neighborhood, a sub-market of Ravenswood.
The unit mix consists of six (6) 1 Bed/1 Bath apartments and each unit has an identical floor plan. The apartments are extremely spacious providing perhaps the biggest one-bedroom units in the market. Each apartment has a separate dining room, large sun rooms, and an enclosed den at the rear of the apartment. The kitchens and bathrooms vary in age and have been upgraded as needed. The apartments have hardwood floors throughout. Each apartment has a storage locker located in the basement.
The subject property sits on a standard double lot (approx. 50’ x 125’) which allows for ample space at the rear of the building. The property benefits from a very large backyard area that has been well landscaped and provides a nice amenity for tenants.
The subject property is conveniently situated in the heart of the Bowmanville neighborhood. Bowmanville is a sub-market bordered by Ravenswood to the South and Andersonville to the East. Bowmanville is a mostly residential pocket and is located just eight miles north of the Loop. The property sits on a quiet, tree-lined street surrounded by two-flats, three-flats, and single family homes. The immediate area surrounding the subject property is primarily residential with retail shopping just minutes away in all directions.
The subject property is located just a mile north of the recently developed 80,000 SF Mariano’s and LA Fitness. Built in 2014, Mariano’s has brought over 600 jobs to the Ravenswood/Bowmanville community. A few blocks east of the subject property is the Andersonville neighborhood. Andersonville is home to the Clark street shopping district which is comprised of some of the most unique shops and restaurants in all of the city. The subject property is located near neighborhood small businesses such as Hardware CrossFit, Half Acre Production Brewery, and Let Them Eat Chocolate.
- Listed in December of 2016
- 25+ Property Tours
- Multiple Written Offers
- Under Contract within Thirty Days
- Buyer Plans on Renovating Entire Building
- High Vacancy and Low In-Place Rents at Sale