Essex Realty Group, LLC is pleased to announce the sale of 2023-2025 N. Racine Ave., a twelve-unit, walk-up apartment building located in the heart of Chicago’s highly desirable Lincoln Park neighborhood.
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.
- Just Closed in Lincoln Park
- Essex Procured 22 Individual Property Tours Within 3 Weeks
- Multiple Offers - Competitive Bidding Process
- One of the Highest PPU for a Non-Renovated Property in L.P.
- 12-Unit Apartment Building with One-Bedroom Two-Bedroom Layouts
- Multiple Value-Add Opportunities
- Parking