Essex Realty Group, Inc. has been exclusively engaged to market for sale (22) condo units in a (31) unit building located in the Albany Park neighborhood of Chicago. The property was converted into condos in 2008, and (5) of the (22) units are currently renovated. The property was converted to condos in 2006 and contains a mix of studios, one bedroom, and two bedroom apartments.
A new owner can add value to the property by updating the (17) non-renovated units, which should result in a rent increase between $100-200 per unit per month.
- (22) Condo units in a (31) unit building
- Successfully negotiated to acquire additional (9) units
- Value-Add Opportunity
- Next to North Park University
- Close to Kedzie Brown Line