Essex Realty Group, Inc. is pleased to announce the sale of 2313 North Albany Avenue, located in Chicago’s popular Logan Square neighborhood. The property includes 9 spacious 1 bed/1 bath and 2 bed/1 bath apartments. The buyer was attracted to the great location and ideal value-add opportunity the property presented. Essex conducted an extensive marketing campaign resulting in 22 tours. After receiving 12 competitive offers, the property went under contract after just two weeks of marketing, and closed eight weeks later.
RICH HISTORY: Logan Square is located approx. 3 miles northwest of Chicago’s Loop. In the past few 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 new bars and restaurants. Known for its historical architecture, scenic boulevards, and expansive parks, Logan Square is regularly regarded as one of Chicago’s most sought after neighborhoods.
PRIME LOCATION: The property is located on the southeast corner of Medill Avenue and Albany Avenue, only three blocks north to ever-popular Palmer Square Park. Nearby is Kedzie Boulevard, a beautiful tree lined linear historic district in Logan Square that is part of the National Register of Historic Places and named a Chicago Landmark. The property is also located a ½ mile from both the Logan Square & California Blue Line CTA Stations, and in close proximity to numerous bus stops.
- 8 Days on Market; 22 Property Tours
- 12 Offers
- 65 Days from On Market to Closing
- Spacious 1 & 2 Bedroom Apartments with Great Layouts
- Individual Furnaces in Each Unit
- Significant Rental Increase Achievable After Renovations
- Prime Logan Square Location 3 Blocks from Palmer Square
- Located 1/2 Mile from the California & Logan Square CTA Stations