Essex Realty Group, LLC is pleased to announce the sale of 1948 North Lincoln Avenue, a 6-unit apartment building located in Chicago’s highly desirable Lincoln Park neighborhood. The property featured well-appointed 1 bed/1 bath apartments with strong in-place rents and additional upside potential in one of Chicago’s strongest rental markets.

The apartments featured quality finishes throughout, including hardwood floors, stainless steel appliances, granite countertops, tiled backsplashes and bathrooms, individual HVAC systems, in-unit laundry, and private rear decks. The building’s modern interiors and highly walkable location continued to attract strong tenant demand.

Essex conducted a successful marketing campaign, generating 23 tours in 10 days, multiple offers, and a great outcome for both seller and buyer.

Chicago’s Lincoln Park neighborhood is one of the best known and most historically significant areas in the city. Located 3.15 miles north of the Loop with Lake Michigan to the east and the Chicago River to the west, Lincoln Park has experienced significant growth over the last few decades. Its proximity to the City’s central business district combined with convenient access to public transportation and lakefront has led to substantial residential and retail growth, transforming the community into one of Chicago’s most desired areas in which to live.

Lincoln Park boasts several attractions including the Lincoln Park Zoo, the Chicago History Museum, and most notably, Lincoln Park, Chicago’s largest public park. Magnificent architecture, charming boutiques, and a vibrant restaurant and bar scene appeal to residents, students and tourists alike. DePaul University is located in the heart of Lincoln Park and boasts a population of over 25,000 students. The university’s presence coupled with Lincoln Park’s appeal to younger residents creates substantial demand for rental housing in the area.

• Prime Lincoln Park 6-Flat Bordering Old Town
• Updated Apartments Feature Stainless Steel Appliances, Individual HVAC, Laundry In-Unit & Private Decks
• Rent Growth Opportunity Driven by Strong Demand from DePaul University Students
• Potential for Short-Term Airbnb Rental Income
• Less Than One Mile to Sedgwick & Armitage CTA Stations, Plus Multiple Nearby Bus Stops
• Ideally Situated Near Lake Michigan, North Avenue Beach, Lincoln Park Zoo & Other Premier Attractions