Essex Realty Group, Inc. has been exclusively engaged to market for sale 1923 63rd Street (Uptown Brass Apartments), a new construction, mixed-use property located in Kenosha, Wisconsin. Consisting of twenty-six (26) apartments and 12,800 SF of ground-level commercial space, the property offers a desirable unit mix of well-maintained one– two– and three-bedroom apartments with a variety of floor plan options. Situated on the east side of 20th Avenue, just south of 63rd Street, Uptown Brass Apartments is one (1) mile from the beaches and recreational facilities which line the shores of Lake Michigan. In addition, the property is anchored by new construction retail tenants TCF Bank and Pick ‘n Save and is located near Uptown Kenosha, a growing submarket within the city which offers a variety of restaurants, boutiques, parks and other activities to the public. Uptown Brass Apartments is well-positioned among several public transit options including the bus lines along Roosevelt Road, 63rd Street and 18th Avenue, the Metra Rail Union-Pacific North line (Kenosha Station), and the Kenosha Electric Railway Cable Car station in Uptown.
The Uptown Brass Apartments provides investors with a rare opportunity to acquire a cash-flowing investment property in a prime location within one of Wisconsin’s most desirable markets. A new owner may be able to benefit from consistent cash flow, strong rental growth and value appreciation stemming from the property’s close proximity to Lake Michigan and the Uptown neighborhood of Kenosha.
Kenosha is a city in southeastern Wisconsin, located approximately five (5) miles north of the Illinois state border. With an estimated population of 99,889 residents as of July 1, 2013, Kenosha is the fourth-largest city in Wisconsin and the fourth-largest city on the western shore of Lake Michigan, preceded by Chicago, Milwaukee and Green Bay. The city is bordered by the town of Somers to the north, the village of Bristol to the west, the village of Pleasant Prairie to the south and Lake Michigan to the east. Kenosha’s passenger train station is the last stop on Chicago’s Union Pacific North Metra Line and is conveniently located approximately halfway between Milwaukee and Chicago.