Essex Realty Group, Inc. is proud to exclusively market for sale The Abigail, a 12-unit apartment building located at 4004 N. Hamlin Avenue in Chicago’s Old Irving Park Neighborhood. The Subject Property consists of twelve condo-quality two-bedroom, one-bath units.
Situated on the corner of Hamlin Avenue and Irving Park Road, The Abigail is conveniently located directly across the street from the seven acre Independence Park and one half mile from the Irving Park Metra station, CTA Blue Line “EL” Station, and the Kennedy Expressway, providing easy access downtown or to O’Hare Airport. Furthermore, there are major bus routes along Irving Park and Pulaski Roads.
4004 N. Hamlin Avenue is a stabilized, turnkey investment opportunity. The renovated building is located in the desirable Old Irving Park neighborhood, and units feature individual HVAC and in-unit laundry. Although in place rents are strong, a new owner could potentially move the rents from an average of $1,302 per month to $1,400 per month. This is an additional $13,980 of income a year without material upgrades needed.
- 15 Tours in 1 Day
- 8 Offers Received
- Under Contract in 1 Week Above List Price
- 11.05 GRM & 6.24% Cap Rate