CLOSED – MULTI-FAMILY
5935 N. Clark St. Chicago, IL 60660
NEIGHBORHOOD
Edgewater
PRICE
Call for details
NUMBER OF UNITS
52
PROPERTY LISTED

Essex Realty Group, Inc. is pleased to announce the sale of the old Maybelline Headquarters located at 5935 N. Clark St. in Edgewater, 0.25 east of the newly funded Peterson-Ravenswood Metra Station. The historic property is presently configured as a 52-unit mixed-use apartment building comprised of thirty-four (34) studios, twelve (12) 1Bd/1Ba units, three (3) non-conforming 1Bd/1Ba units, one (1) 2Bd/1Ba unit, two (2) non-conforming 2Bd/1Ba units, 18,930 SF of commercial space and a 24-car underground garage.

The purchaser plans to revitalize 9,700 SF of long-vacant commercial space in addition to a full rebrand of the building, interior improvements to the apartments and common areas, and a new rooftop amenity space. Please call for sale price.

LOCATION DETAILS

The Subject Property is also located just 0.25 miles from the newly funded Peterson-Ravenswood Metro Station. This station is expected to significantly rejuvenate the surrounding area and further expand Andersonville’s footprint. Additionally, current ownership will master-lease approximately 9,700 SF of vacant retail space for $8.59/SF/YR. for up to three years. This equates to $6,944 in monthly income. This allows an investor to maintain steady cash flow while repositioning the vacant space.

HIGHLIGHTS
  • Essex Realty Group, Inc. generated 18+ property tours and multiple offers
  • 52-unit historic Maybelline Headquarters building, located immediately north of Andersonville
  • Located 0.25 from newly funded Peterson-Ravenswood Metra Station
  • Rental upside: Average monthly rents are approximately $100 below market
  • Multiple commercial value-add opportunities
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Clay Maxfield
Director
773.305.4852