CLOSED – MULTI-FAMILY
1932 North Bissell Street Chicago, IL 60614
NEIGHBORHOOD
Lincoln Park
PRICE
Call for details
NUMBER OF UNITS
3
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1932 North Bissell Street, a three unit multi-family greystone property located just south of Armitage Avenue in Chicago's Lincoln Park Neighborhood. The unit mix is comprised of (two) large 2 bed + den/1 bath units, and (one) large 3 bed/2 bath duplex unit. The property is located on the west side of Bissell Street and just south of the popular Armitage Avenue Retail Corridor. The building features a variety of updates including, new rear porches, new roof, new individual water tanks, a fresh coat of paint on the exterior facade, and newer windows. Tenants have access to free common laundry in the basement. Currently the units are rented below market, and a new owner could benefit from increasing rents to market rate.

1932 North Bissell Street presents the investor with a prime opportunity to own a rarely available greystone building in one of Chicago's most consistently popular neighborhoods. The strong demand for this unit type from nearby students, young professionals, families and recent graduates combined with the constrained supply will continue to drive rents at the property.

LOCATION DETAILS

The property is situated in the heart of Lincoln Park, and is surrounded by multimillion dollar homes, restaurants, and boutique shops that make the neighborhood so popular. The Armitage CTA stop is located just 3 minutes walking distance away from the property making it very easy for tenants to take the Brown or Purple Line downtown to Chicago's Loop.

HIGHLIGHTS
  • Multiple Offers Received from 15 Property Tours
  • Located in the Heart of Lincoln Park 1/2 Block from the Armitage Retail Corridor & L Stop
  • Three Unit Walk-Up Greystone Apartment Building
  • Large Units with Dens
  • Long Term Owner
  • Current Rents are Below Market
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922