Essex Realty Group, Inc. is pleased to announce the sale of 3100 N. Racine Avenue, a six-unit center entrance apartment building located in Chicago’s popular Lakeview neighborhood. The Property consists of two (2) 2Bd/1Ba, three (3) 3Bd/1Ba, and one (1) 3Bd/2Ba spacious and sun-filled apartments due to the building’s corner location. The units feature hardwood floors, HVAC, and three apartments have in-unit laundry (2S,2N,3N). A number of the units have received updates, such as granite countertops, stainless steel appliances, and new bathroom fixtures. The Property has wood porches in the rear of the building, a basement with coin laundry, and five exterior parking spaces. Market rents for the area average 8-30% higher, allowing for increased rents in “as-is” condition.
The Property is situated on the northwest corner of Racine Avenue and Barry Avenue and is just a few blocks away from the Belmont Clark St corridor. The building is conveniently located .04 miles from both the Belmont and Wellington CTA stations providing tenants access to the Red, Brown, and Purple Lines, offering tenants many excellent public transportation options.
3100 N Racine presented a rare opportunity to own an impressive corner building in a prime Lakeview location with an endless choice of charming restaurants, local bars, and entertainment options steps away, making this an excellent and rare investment opportunity.
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- Over 20 Tours Conducted and Multiple Offers Received
- Impressive Center Entrance Building In A Prime Lakeview location
- Six Spacious Two and Three Bed Apartments
- Conveniently Located .04 Miles From The Belmont And Wellington CTA Stations
- Ability To Raise Rents By 8-30% "As-Is"
- Five Exterior Parking Spaces