Essex Realty Group, LLC has been exclusively engaged to market for sale Arden of Lincoln Park (2725-2741 N. Ashland Ave). Located in Chicago’s prized Lincoln Park neighborhood, the property contains an impressive 81 total bedrooms across 18 units, situated just one mile from DePaul University’s Campus. The all-brick new construction multifamily development consists of six (6) 3 Bed / 2 Bath simplex units, nine (9) 5 Bed / 3 Bath duplex units, and three (3) 6 Bed / 3 Bath duplex units. The property also includes eighteen (18) exterior parking spaces.

The apartments boast high-ceilings, oversized bedrooms, open-concept floorplans and one or more private balconies per unit. Further, all twelve duplex units offer two separate living areas. Residents enjoy amenities rarely found in boutique multifamily buildings, including a fitness center, recreation/game room, and business center.

Arden of Lincoln Park is ideally positioned on the east side of Ashland Avenue, just south of Diversey Parkway, with convenient access to both the Ashland Avenue and Diversey Parkway bus lines. Located just one-mile from DePaul University’s Campus, the property offers exceptional proximity to Lincoln Park’s renowned dining, nightlife, shopping and entertainment destinations.

Arden of Lincoln Park presents investors with the rare opportunity to acquire a trophy-quality, new construction multifamily asset in one of Chicago’s premier rental markets at a basis well below replacement cost.

Chicago’s Lincoln Park neighborhood is one of the city’s best-known and most historically significant areas. Located just over 3 miles north of the Loop with Lake Michigan to the east and the Chicago River to the west, Lincoln Park has experienced significant growth over the last few decades. Its proximity to the City’s central business district, convenient access to public transportation, and the lakefront have led to substantial residential and retail growth, transforming the community into one of Chicago’s most desired areas.

Lincoln Park offers many attractions, including the Lincoln Park Zoo, the Chicago History Museum, and, most notably, Lincoln Park, Chicago’s largest public park. Magnificent architecture, charming boutiques, and a vibrant restaurant and bar scene appeal to residents, students, and tourists alike. DePaul University is located in the heart of Lincoln Park and boasts a population of over 25,000 students. The university’s presence and Lincoln Park’s appeal to younger residents create substantial demand for rental housing in the area.

• 81 Total Bedrooms Located One Mile from DePaul University's Lincoln Park Campus
• All-Brick New Construction, Built in 2020
• Apartments Boast High Ceilings, Oversized Bedrooms & Open-Concept Floorplans
• Significant Operational Value-Add Opportunity
• Amenity-Rich Property Featuring a Fitness Center, Recreation/Game Room, and Business Center – Rarely Found in Boutique Multifamily Assets
• Offered Well Below Replacement Cost