Essex Realty Group, Inc, has been exclusively engaged to market for sale, 2029 North Damen Avenue, a 7-unit property located in Chicago’s popular Bucktown neighborhood. The property consists of a front brick building comprised of six 1 bed + den/1 bath apartments, and a 3 bed/3 bath triplex coach house in the rear. The units are a mixture of predominately vintage and lightly updated kitchens and bathrooms. All apartments feature separate individual gas furnaces and hot water heaters, along with hardwood floors and common laundry in the attic. The recently renovated coach house is spacious and bright and includes a large kitchen with stainless steel appliances & granite counters, two fireplaces, updated bathrooms, hardwood floors & carpeted bedrooms, spacious closets and in-unit laundry. An opportunity exists for an investor to raise current rents to market level by updating kitchens & baths, and adding in-unit laundry and individual HVAC to the front building.
The property is situated on the east side of Damen Avenue, just north of Armitage Avenue in the heart of Bucktown. 2029 N Damen is conveniently located less than a mile from both the Western & Damen Blue Line CTA Stations, and a little over a half mile from the Clybourn Metra Station. Quick access to all three trains, along with several bus stops and Divvy stations provides tenants with many excellent public transportation options. 2029 N Damen is a rare opportunity to own in a prime Bucktown location with an endless choice of charming restaurants, local bars and entertainment options.
Bucktown is one of the most prominent areas in Chicago, located north of the Loop and just west of the Chicago River and the Kennedy Expressway. Its proximity to the City’s central business district combined with convenient access to public transportation has led to substantial residential and retail growth, which have been the driving forces in transforming the neighborhood into one of the foremost places to live in Chicago. The neighborhood is filled with local restaurants, boutiques and small businesses making up the majority of tenants along retail corridors, with major national tenants consistently moving in each year.
The property is located on the northeast corner of Damen Avenue and Armitage Avenue in Chicago’s Bucktown neighborhood. 2029 N Damen sits in the heart of Bucktown, featuring a wide variety of boutiques, trendy restaurants & bars, and major retailers. The property is also conveniently located less than a mile from the Clybourn Metra Station, half a mile from the Western & Damen Blue Line CTA Stations, and in close proximity to numerous bus stops and Divvy bike stations.