Essex Realty Group, Inc conducted multiple property tours and secured a buyer for this multi-family property after just 28 days on the market.
2058 North Albany Avenue is a seven unit multi-family property located just north of Armitage on the corner of Albany and Dickens. The seven units are divided between a six flat and a rear frame coach house unit. The front building features six 2 bed/1 bath simplex units while the coach house is 3 bed/2 bath duplex that lives like a single family home. The coach house was completely renovated in 2016 and includes granite countertops, stainless steel appliances, hardwood floors, individual HVAC and washer/dryer in unit. The remaining 6 units feature open floor plans, high ceilings and large living areas. The units are currently under rented AS IS. A new owner could greatly increase value by renovating the kitchens and bathrooms which were last renovated 10-15 years ago. One unit in the front building currently has washer/dryer in unit.
Logan Square is located approx. three miles northwest of Chicago’s Central Business District. In the past several years, the area has enjoyed booming growth in population and popularity with Chicago’s residents, as evidenced by the opening of a variety of new retail developments and popular bars and restaurants. The neighborhood’s rich culture, close proximity to downtown, and unique commercial offerings appeal greatly to the millennial population who desire communities with vibrant character and eclectic charm. In recent years, the seven-acre Palmer Square Park located in the heart of Logan Square underwent significant upgrades, including the development of new walking and biking trails, children’s play areas, and extensive landscaping.
- 16 Property Tours
- Under Contract after just 28 days on the Market
- Great Logan location one block from Palmer Square Park & walking distance to Blue Line
- Large 2 bedroom units with open floor plans and high ceilings
- Value add opportunity through cosmetic renovations of kitchens & baths
- Plumbing, electric recently replaced
- Individual HVAC
- Fully rebuilt two level 3 bedroom Coach House – Lives like SFH