UNDER CONTRACT – MULTI-FAMILY
4407-4415 N. Greenview Ave. Chicago, IL 60640
NEIGHBORHOOD
Ravenswood
PRICE
Call for details
NUMBER OF UNITS
45
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 4407-4415 N. Greenview Ave., a 45-unit courtyard property in the Ravenswood neighborhood of Chicago. The subject property has been under the same ownership for over 30 years, providing investors with the opportunity to acquire a rarely available asset just steps from the Montrose CTA Brown Line.

The subject property includes twelve (12) studios, thirty-two (32) 1 Bd/1 Ba and one (1) 2 Bd/1 Ba garden unit that features hardwood floors, granite or laminate countertops, white appliances, and dishwashers in select units. The immaculately maintained property has received extensive capital improvements that include a partial roof layer, new concrete walkways, and tuckpointing. An opportunity exists for an investor to further improve the property by modernizing the kitchens and baths, adding in-unit laundry, and converting the large 1 Bd/1 Ba layouts to 2 Bd/1 Ba units.

Located on a beautiful tree-lined street, on the east side of Greenview Avenue and just north of Montrose Avenue, the property is conveniently situated steps from the Montrose CTA Brown Line and Ravenswood Metra Station. In addition, the neighborhood offers access to restaurants, retail, and a variety of green space options.

LOCATION DETAILS

The subject property is conveniently located in the beloved Ravenswood neighborhood of Chicago. Ravenswood has seen real estate values skyrocket in the past decade, making it one of the highest valued markets in the city of Chicago. Ravenswood is well known for its quiet tree-lined streets, spacious lawns, and beautiful residential architecture. Many of the homes that were built in the early 1900's are still around today. These neighborhood properties stand side-by-side with rehabbed single-family homes, new construction single-family homes, and new construction condominiums.

Ravenswood residents enjoy a variety of shops and restaurants, from trendy boutiques to family-owned eateries. Ravenswood Avenue has a number of vintage buildings that were used as machine shops or other forms of industrial businesses throughout the 1900's. Some are still being used for industrial business purposes, but many have been converted into offices, lofts, and artist spaces. Many art studios, restaurants, and antique shops have been spotted along this unique street

HIGHLIGHTS
  • 45-Unit Courtyard apartment building in desirable Ravenswood location
  • Ownership has meticulously maintained for more than 30 years
  • Attractive unit mix featuring studios, one-bedroom and two-bedroom apartments
  • Opportunity to increase rents significantly in as-is condition
  • Opportunity to convert eighteen (18) one-bedrooms into two-bedroom apartments
LISTING BROKERS
Matt Feo
Director
224.305.4102
Steven Livaditis
Principal
773.305.4840