Essex Realty Group, Inc. is pleased to announce the sale of 3023, 3043 and 3048 West Cortland Avenue, The Cortland Corner, located in Chicago’s popular Logan Square neighborhood.
3023 W Cortland includes 15 units, along with the neighboring two flat at 1853 North Whipple and the adjacent vacant lot to the south, which houses 10 parking spaces. 3043 West Cortland includes 24 units, and 3048 West Cortland includes 29 units. All three buildings are primarily comprised of 1 and 2 bedroom apartments.
The properties’ units are a mixture of predominately vintage and lightly updated kitchens and bathrooms. All apartments feature separate individual gas furnaces and hot water heaters, along with common laundry in the basement. A once-in-a-lifetime opportunity exists for an investor to purchase three large corner buildings in Logan Square and renovate the properties to feature brand new kitchens, baths, HVAC, and laundry in-unit.
RICH HISTORY: Logan Square is located approx. 3 miles northwest of Chicago’s Loop. In the past few years the area has enjoyed booming growth in population and popularity with Chicago’s residents, as evidenced by the opening of a variety of new retail developments and popular new bars and restaurants. Known for its historical architecture, scenic boulevards, and expansive parks, Logan Square is regularly regarded as one of Chicago’s most sought after neighborhoods.
PRIME LOCATION: The properties are located on the northwest, southeast and southwest corner of Cortland Avenue & Whipple Avenue in the heart of Logan Square, only one block south of popular Armitage Avenue where residents can enjoy the overflowing local bars and trendy restaurants. Two blocks north is Palmer Square Park, a 400-foot-wide green space linking Humboldt Boulevard and Kedzie Boulevard which are a part of the National Register of Historic Places. The Cortland Corner is less than one mile to both the California & Western Blue Line CTA Stations and numerous bus stops, providing excellent public transportation options.
- Essex Conducted an Extensive Marketing Campaign Resulting in 28 Tours and More Than 10 Offers
- 3023 W Cortland: 15 Units, 3043 W Cortland: 24 Units, 3048 W Cortland: 29 Units
- Rare Opportunity to Scale in Fast Growing Neighborhood
- Individual Furnaces in Every Apartment
- Spacious 1 & 2 Bedroom Units; Current Average Rents < $1,000
- Less Than One Mile to Western & California Blue Line Stations