ON MARKET – MULTI-FAMILY
5200 N. Broadway Chicago, IL 60640
NEIGHBORHOOD
Edgewater
PRICE
$3,490,000
NUMBER OF UNITS
14
CAP RATE
4.78%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 5200 N. Broadway, a 14-unit mixed-use building located in Chicago's Edgewater neighborhood. The unit mix consists of two (2) 1 Bd/1 Ba, ten (10) 2 Bd/1 Ba, one (1) 3 Bd/2 Ba apartments and one (1) 3,030 SF retail space.

The property was fully renovated in 2009, including all major building systems (electric, plumbing, roof, windows, etc.). All residential units feature hardwood floors in the living areas and kitchens, carpet in the bedrooms, laminate countertops, stainless steel appliances and central air conditioning. Select units feature exposed brick and decorative fireplaces. The commercial space is currently in "raw" condition.

LOCATION DETAILS

The property is situated on the northeast corner of Broadway and Foster Avenue in Edgewater, steps from Andersonville to the west, Lake Michigan and the lakefront trail to the east, and Argyle and Lawrence Streets to the south. In addition, the property is within walking distance of Mariano's, Jewel-Osco, Dunkin Donuts and CVS. Furthermore, the subject property is located one(1) block from the Berwyn CTA station (red line) to the north, three (3) blocks from the Argyle CTA station (red line) to the south, and provides for easy access to Lakeshore Drive via Foster Avenue.

HIGHLIGHTS
  • Excellent Edgewater Location
  • Full Renovation 2009
  • Stop-Lit Intersection
  • Walking distance to the Berwyn and Argyle (CTA Red Line) Stations
  • Easy access to Lake Shore Drive
LISTING BROKERS
Doug Fisher
Principal
773.305.4910
Vic Ciancetta
Director
773.305.4864