Essex Realty Group, Inc. is pleased to announce the sale of 2134-2136 West Arthur Avenue/6510 North Hamilton Avenue, a 16-unit corner apartment building located in Chicago’s West Ridge neighborhood. The building, which contains all large bedrooms and large separate dining rooms, has a current unit mix that consists of nine (9) large four-room 1 Bd/1 Ba, three (3) large five-room 2 Bd/1 Ba, three (3) large six-room 2 Bd/1 Ba+Den, and one (1) large legal English garden 1 Bd/1 Ba units. The property has been owned by the same family for more than 25 years, which provided investors with the opportunity to acquire a rarely available asset. Essex generated 18 property tours and garnered multiple offers, resulting in a sale 2% of the list price.
The property is situated on the northwest corner of Arthur and Hamilton Avenues in West Ridge, steps from Devon Avenue, and within walking distance of a multitude of boutique shops and restaurants. Devon Avenue is widely known throughout the city for having some of the best ethnic restaurants. In addition, the property is uniquely situated directly alongside the Robert A. Golf Course and walking/bike path, adjacent to Warren Park. Further, the property is located within close proximity to many other public green spaces, including Lincolnwood Centennial Park and the North Shore Channel Trail, which follows the Chicago River North from Lawrence Avenue to Emerson Street in Evanston, IL.
West Rogers Park is bounded by Evanston/Lincolnwood on the north, Bryn Mawr to the south, Kedzie Avenue on the west, and Ridge Boulevard to the east. This pocket is well known for its low-housing density and diverse culture.
The subject property is located in West Rogers Park, boasting a population of just over 60,000 people. The neighborhood is home to over 130 restaurants and just as many diverse retail offerings along its central corridors and quaint, tree-lined streets. In the last few years, the community has seen significant appreciation in multi-family properties sparked by a rising population of young business professionals and families moving to the area to take advantage of the neighborhood’s rich culture, intimate setting, and attractive housing.
Also of great impact to the Rogers Park neighborhood is the explosive growth in enrollment at Loyola University. The University’s Lake Shore Campus is home to over 16,000 students and 1,000 faculty members. Recently crowned the largest Jesuit university in the United States, Loyola University is consistently named a ‘best value’ school by U.S. News & World Report. Eighteen of Loyola University’s nineteen residence hall buildings are located in the Edgewater and Rogers Park neighborhoods, prompting established retailers and eateries to open convenient locations along the campus’ perimeter.
- Essex Successfully Generated 18 Property Tours & 5 Offers, and Sold Within 2% of List Price
- Irreplaceable Location on Golf Course
- 16-Unit Corner Apartment Building with Courtyard in Rear
- Large Units Provide Opportunity to Add Bedrooms
- Owned by Same Family for More Than 25 Years
- Vibrant West Ridge Neighborhood