Essex Realty Group, LLC. has been exclusively engaged to market for sale, 3037 North Southport Avenue, located in the heart of Chicago’s desirable Lakeview neighborhood. The property features an attractive unit mix of studios, one-bedrooms, and a spacious two-bedroom plus office duplex, appealing to a wide variety of renters.
VALUE-ADD OPPORTUNITY
The apartments offer varying levels of interior updates, including hardwood, carpet, and tile flooring, white and stainless steel appliances, granite, quartz, and laminate countertops, and individual HVAC systems. Additional building amenities include rear decks, shared basement laundry, a backyard, and a two-car parking pad. This offering presents a true value-add opportunity for investors to further enhance rental income by modernizing unit finishes and upgrading the building’s electric system.
GARDEN UNIT FULLY RENOVATED
The garden apartment is a spacious one-bedroom unit that was fully renovated in 2022 with new flooring, kitchen, bathroom, electric and plumbing.
UNBEATABLE LOCATION
Ideally positioned on Southport Avenue, just south of Barry Avenue, the property enjoys excellent proximity to public transportation with easy access to the Southport & Wellington CTA stations, and multiple bus routes. Residents benefit from countless dining, shopping, and entertainment options along Southport Avenue, and are only a mile and a half from Lake Michigan, offering convenient access to the lakefront trail, Belmont Harbor, and the Diversey Driving Range.
Lakeview is one of the most prominent areas in Chicago, located north of the Loop and bordering Lake Michigan. Its prime location, combined with easy access to the city’s central business district and public transportation, has fueled significant residential and retail growth. This transformation has made Lakeview one of the premier places to live in Chicago. Home to the iconic Wrigley Field, the country’s second-oldest ballpark and the beloved Chicago Cubs, the neighborhood boasts a dynamic mix of restaurants, boutiques, and small businesses. Its bustling retail corridors continue to attract major national brands while maintaining a strong local charm.
The property is ideally located on the east side of Southport Avenue, a vibrant street lined with boutiques, salons, fitness studios, and trendy dining spots in the heart of Lakeview. It sits between the Southport & Wellington CTA stations, with multiple bus stops nearby, ensuring seamless connectivity. Additionally, about a mile and a half away, residents can enjoy Lake Shore Drive, Diversey Harbor & Driving Range, and other recreational attractions nearby.
- Value Add Opportunity in Prime Lakeview; Adjacent to Southport Corridor
- Building Features Two One Bedroom Units + Two Duplex Up Apartments + Garden One Bedroom
- Building Previously Renovated in the 1990s with Ideal Layouts
- Updated Plumbing and Individual HVAC
- Garden Unit Gut Renovated in 2022
- 2 Exterior Parking Spaces + Backyard