Essex Realty Group, Inc. was exclusively engaged to market for sale 3270 West Armitage Avenue. The investment opportunity was situated on a wide lot and featured 4 units. Essex secured a buyer after receiving multiple offers from 11 property tours.
3270 West Armitage Avenue is a 4-flat plus unfinished garden/in-law unit* located in Chicago’s popular Logan Square neighborhood. The property is situated on an oversized lot and is currently comprised of four 2 bed/1 bath units and features an unfinished basement. Due to strong demand for apartments in Logan Square, these apartments are currently rented under-market. A new owner could potentially raise rents to market rates without further capital investment.
* Seller nor Broker warrants the legality of the garden/in-law unit.
The Logan Square neighborhood is located approx. 3 miles northwest of Chicago’s Loop. The neighborhood is bordered by North Ave. to the south, Diversey Ave. to the north, the Chicago River to the east, and the Metra North Line railroad to the west. 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.
- Well Maintained 4-Flat
- Current Rents are Below Market
- Oversized Lot Measuring 48.33 x 150 FT
- Great Logan Square Location - One Block from many of Logan Square's Hottest Restaurants
- Zoning: B3-1