Essex Realty Group, LLC has been exclusively engaged to market for sale 2750 N. Ridgeway Ave., a well cared for 7-unit corner apartment building in Chicago’s Logan Square neighborhood.

The building features six (6) 2 Bed/1 Baths and a top floor 3 Bed/2 Bath simplex unit. Unit finishes feature hardwood floors, granite or laminate countertops, stainless or black/white appliances, dishwashers, central heat and air-conditioning. Six (6) of the seven apartments also feature in-unit laundry and the property includes a four (4) car attached garage.

The ideal unit mix features a tremendous amount of rental upside in existing condition. The Logan Square Submarket has experienced tremendous rent growth in the past decade and similar units have rented recently for almost 20% more than current rent.

The Subject Property is located on the southeast corner of Ridgeway and Diversey Ave, just a block from from Kosciuszko Park – a beautiful park that was recently renovated and is among the original parks of the Northwest Park district. It’s also approximately .5 miles from both the Logan Square Blue Line CTA Stations and the heart of Logan Square’s entertainment districts surrounding the boulevard.

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.

• Large Corner Apartment Building with Attached Four (4) Car Garage
• Ideal Unit Mix - Six (6) 2 Bed/1 Bath Units & (1) 3 Bed/2 Bath Unit
• Comparable Units Rent for 20% More Than Current Rents
• Apartments Feature Hardwood Floors, Individual HVAC & Laundry In-Unit
• Close Proximity to Logan Square & Belmont "L" Stations & Healy Metra Station