Essex Realty Group, Inc. has been exclusively engaged to market for sale, 2258 North Kimball Avenue, located in Chicago’s popular Logan Square neighborhood. The building was substantially renovated in 2005 and includes two 1 bed + den/1 bath apartments, two 2 bed/1 bath apartments and one full floor storefront/office space on the 1st floor. The spacious apartments all feature hardwood floors, white kitchen appliances, great layouts and ample light. Apartment 2F was renovated in 2022 to include central A/C and a beautiful new kitchen featuring white shaker cabinets, new countertops and stainless steel appliances. The 1st floor storefront features a fully built out office space with individual HVAC and a full kitchen and bathroom in the basement.
ZONING CERTIFICATE & ADU
The property is currently rented as four apartments plus one full floor storefront/office space on the ground floor. The owner recently obtained a certificate of zoning compliance from the City of Chicago showing five apartments, including one on the first floor of the building. In addition, the building sits in the northwest ADU zone and is zoned RM-5. Given these factors, it may be possible to separate the existing commercial space into two additional apartments and convert the property to a legal six-unit building.
The property is situated at the southwest corner of Kimball Avenue and Belden Avenue. It is conveniently located two blocks to popular Fullerton Avenue, four blocks to Palmer Square Park, and less than one mile to the Logan Square L Station. Quick access to the CTA Blue Line Station, along with several bus stops, offers tenants many excellent public transportation options. 2258 North Kimball is a rare opportunity to own a value-add building in a prime Logan Square location with an endless choice of trendy restaurants, bars and entertainment options steps away.
Logan Square, located approximately three miles northwest of Chicago’s central business district, is a multi-cultural community of arts organizations, music venues, local businesses, and an abundance of restaurants and cocktail bars.
Among other things, the area is known for its historical and handsome solid greystone two- and three- flats, and single-family homes that line Logan, Kedzie and Humboldt Boulevards, and Logan and Palmer Squares. The majority of which were constructed by German and Scandinavian immigrants in the late 1800s. After the Great Chicago Fire of 1871, the neighborhood’s population began rapidly expanding; and, by 1889, the entirety of Logan Square had been annexed by the City of Chicago & the CTA’s L line
Today, the area continues to see expansion year after year. A booming growth in population has allowed for new residential and retail developments to pop up over the last several years. Residents can often be found enjoying the Chicago weather on the 2.5 mile stretch of boulevards that expand across the neighborhood.
- Currently Four Apartments Plus Full Floor Storefront
- Recent Zoning Certificate Shows Five Apartments, Included in OM
- Building Sits in Northwest ADU Zone; RM-5 Zoning
- Gated Parking Lot in Rear
- Spacious One Plus Den and Two Bedroom Apartments
- All Apartments Have Individual Furnaces; One with Central AC
- Storefront Tenant is Month to Month