Essex Realty Group, Inc. is pleased to announce the sale of 2509 N. Clybourn Ave., a 4-unit multi-family building located in Lincoln Park, just west of the DePaul Student Campus. The Subject Property, which was gutted down to the studs and rebuilt as practically a new construction building, is comprised of two (2) 3 Bed/2 Bath Duplexes, one (1) 3 Bed/3 Bath Duplex and one (1) 4 Bed/3 Bath Duplex. Each unit features open floor plans, hardwood floors, stainless steel appliances, quartz countertops, dishwasher, built-in microwave and in-unit laundry. The property is situated on the east side of Clybourn Ave., in a pocket of Lincoln Park that’s within close proximity to Bucktown and Roscoe Village.
Essex led an extensive marketing campaign resulting in multiple tours and offers.
Situated between Lakeview, Bucktown, and Roscoe Village, the Northwest pocket of Lincoln Park is also less than a mile west of the DePaul University Quad. This location is home to many independent shops, taverns, cafes and small restaurants creating a small town feeling while at the same time providing direct access to the conveniences offered by some of the nations largest retailers.
The subject property is located in the northwest pocket of Lincoln Park, close to the borders of both Bucktown and Roscoe Village. Residents are steps away from major retailers like Starbucks, Costco, and Walgreens, as well as some of Chicago’s most recognizable independent destinations like Hexe Coffee Co. and Pequod’s Pizza. The diverse qualities of Lincoln Park and the almost immediate access to the variety of retail make it an area of Chicago that many people enjoy living in and calling home.
- Above Market Cap Rate and Return for Lincoln Park
- Walking Distance to DePaul Campus
- Large Unit Mix: (2) 3 Bd/2 Ba Duplexes, (1) 3 Bd/3 Ba Duplex, (1) 4 Bd/3 Ba Duplex
- Property Gutted Down to Studs and is Essentially New Construction
- Turn-Key Opportunity