Essex Realty Group, LLC has been exclusively engaged to market for sale, 2555 West Logan Boulevard, an attractive 8-unit multifamily property prominently located on Chicago’s highly coveted Logan Boulevard. The property features a center entrance 6 unit building at 2555 West Logan Boulevard and a 2 unit building at 2535 North Rockwell Avenue.
COMPLETE RENOVATION FINISHED IN 2015
The property underwent a complete renovation in 2015 with a complete gut rehab of all apartments and mechanical systems. Large condo quality apartments were created along with all new electrical, HVAC, plumbing systems, steel decks and much more.
CURRENT RENTS 50% BELOW MARKET RATE
Rents are currently 50% below market rate, averaging $2,200 for large 2 bedroom/2 bathroom apartments. With wide, condo-style layouts that are difficult to find in typical rentals, this is a rare opportunity to step into a well-located building with meaningful upside already in place. The kitchens are positioned at the front of units accompanied by large, open living spaces.
In addition to the front building, the property includes a 2 unit building in the rear under the same PIN @ 2535 North Rockwell. Each unit is highlighted by well-maintained metal porches and a unique outdoor space between the buildings, a rare feature for the area. The apartments feature modern finishes that align with current renter expectations, including hardwood flooring, stainless steel appliances, granite or quartz countertops, tiled bathrooms, individual HVAC systems, and in-unit laundry.
PRIME LOGAN SQUARE LOCATION
Situated on the highly desirable Logan Boulevad, the property benefits from one of the most iconic and sought-after residential areas in Chicago. Logan Boulevard is known for its historic character, tree-lined streets, and expansive green space, making it one of the premier locations within the broader Logan Square neighborhood.
Logan Square, located approximately three miles northwest of Chicago’s central business district, is a multi-cultural community of art
organizations, music venues, local businesses, and an abundance of restaurants and cocktail bars.
Among other things, the area is known for its historical and handsome solid greystone two- and three- flats, and single-family homes that
line Logan, Kedzie and Humboldt Boulevards, and Logan and Palmer Squares. The majority of which were constructed by German and
Scandinavian immigrants in the late 1800s. After the Great Chicago Fire of 1871, the neighborhood’s population began rapidly expanding;
and, by 1889, the entirety of Logan Square had been annexed by the City of Chicago & the CTA’s L line shortly thereafter.
Today, the area continues to see expansion year after year. A booming growth in population has allowed for new residential and retail
developments to pop up over the last several years. Residents can often be found enjoying the Chicago weather on the 2.5 mile stretch of
boulevards that expand across the neighborhood.
- 8 Unit Multifamily Property on Iconic Logan Boulevard; Current Rents Approximately 50% Below Market
- Includes Six Unit Building at 2555 West Logan Boulevard & Two Unit Building @ 2535 North Rockwell Street
- Both Buildings Fully Renovated in 2015 With Condo Quality Finishes and Modern Layouts
- Current Average Rents for Large 2 Bed/2 Bath Units = $2,200
- Impeccably Well Maintained & Self-Managed Ownership
- Includes One Non-Conforming Unit; Potential Legalization Through Citywide ADU Program
- View Our 2025 Logan Square Neighborhood Report: http://bit.ly/4vYG6Zq