Essex Realty Group, LLC. has been exclusively engaged to market for sale, 2038-2048 West Touhy Avenue, an exceptional 33-unit apartment building located in Chicago’s vibrant Rogers Park neighborhood. Uniquely situated on a triangular lot, this well-maintained property offers a desirable unit mix consisting of primarily of 2-bedroom apartments, along with a selection of studios, 1-bedrooms and 3-bedrooms.

CONDO-QUALITY APARTMENTS
Gut-renovated in 2008, the building features modern upgrades including new electric service & panels for each unit, individual HVAC, new plumbing, in-unit laundry, and new rear porches. Originally intended for condos, the apartments showcase hardwood floors throughout, stainless steel appliances, granite countertops with kitchen islands and tile work in the bathrooms.

FAVORABLE LOCATION
Situated on Touhy Avenue just south of Rogers Avenue, 2038-2048 West Touhy is conveniently located just blocks from the Rogers Park Metra Station and less than a mile from the Jarvis CTA Red Line station, offering seamless access to downtown Chicago and the North Shore. Multiple bus stops are also within walking distance, making commuting simple and efficient. The property is also close to neighborhood institutions like the Glenwood Sunday Market and the historic Loyola Park and beach along Lake Michigan, and Loyola University Chicago.

Rogers Park is Chicago’s northernmost lakefront neighborhood. Spanning from Devon Avenue to Howard Street, Rogers Park is home to more than 55,000 residents, 72% of whom are renters. In addition, Rogers Park has virtually no new market-rate housing developments in its pipeline, unlike Chicago’s other lakefront neighborhoods, adding a layer of protection to apartment investors.

Rogers Park is home to the lively Glenwood Arts District, where the streets are transformed into a pedestrian-friendly area perfect for outdoor dining and vibrant community gatherings.

2038 West Touhy is conveniently located only 5 blocks to the Rogers Park UP-N Metra Station and less than one mile to the Jarvis Purple & Red Line Station, providing tenants easy access throughout Chicagoland.

• 33 Unit Apartment Building Gut-Renovated for Condos in 2008
• 28 Apartments are Two Bedrooms
• Significant Rental Upside Achievable Through Renewal/Turnover Program
• Current Rents = $1,494
• Apartments Feature Stainless Appliances, Granite Counters, In-Unit Laundry & Rear Decks
• Building Updates Include New Electric, Plumbing, Windows, Porches & Individual HVAC
• Close Proximity to Rogers Park Metra Station & Jarvis "L" Station Servicing the Red Line
• Only One Mile from Chicago's Beautiful Lakefront Beaches & Parks
• Antenna Income = $25,000+ Annually