CLOSED – MULTI-FAMILY
2014-22 N. Howe Street Chicago, IL 60614
NEIGHBORHOOD
Lincoln Park
PRICE
Call for details
NUMBER OF UNITS
12
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 2014-2022 N Howe Street, (2) 6 unit center entrance apartment buildings located in Chicago's Lincoln Park neighborhood. The property is currently comprised of (9) 3Bd/1Ba apartments, (2) 2Bd/1Ba apartments, and (1) 1Bd/1Ba apartment.

2014-2022 N Howe provides an investor with the opportunity to acquire a well-maintained building in the coveted neighborhood of Lincoln Park. As the enclosed rent comparables demonstrate, a new owner should be able to raise rents approximately 15%-20% with little-to-no-work.

The property is ideally in the heat of Lincoln Park, one of the most desirable neighborhoods on the north side of Chicago. The property is a mere 400ft from Oz Park, a 13 acre park in the heart of Chicago that features walking and bike trails. Additionally, the Lincoln Park Zoo is just a half mile to the east, with the lakefront just beyond the zoo. The property is also within close proximity to public transportation. The Armitage Brown & Purple Line station is .4 miles west, and there is also a CTA bus stop and Divy bike station within 2 blocks as well.

LOCATION DETAILS

.

HIGHLIGHTS
  • 18 Tours, 8 Offers
  • Purchase Price 110% of List Price
  • Cap Rate: 3.9%; GRM: 15.6
  • Rarely Available Lincoln Park Rental Property
  • Significant Value-Add Potential via Rehab and Duplexing
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Brian Karmowski
Director
773.305.4892