Essex Realty Group, LLC has been exclusively engaged to market Wilson Manor, a 33-unit multifamily property located at 3348 W. Wilson Ave. in Chicago’s Albany Park neighborhood. Gut-renovated in 2008, Wilson Manor retains a long-term tenant base and offers fully updated interiors, including granite countertops, hardwood floors, central heating and air conditioning, in-unit laundry, and spacious floor plans throughout. The well-maintained property features a highly desirable unit mix, primarily consisting of 2-bedroom apartments, along with several larger 3- and 4-bedroom duplex units. Building improvements include copper plumbing, new electrical service, and wiring.

LONG-TERM ASSUMABLE DEBT AVAILABLE @ 3.19%
A significant component of the investment is the attractive assumable financing in place through KeyBank/Fannie Mae. The loan carries a below-market fixed interest rate of 3.19% with a remaining term through December 2032, including an interest-only period through December 2030. This structure provides investors with strong in-place cash flow, with principal and interest payments commencing in January 2031.

Located one block from the Kimball CTA Brown Line, Wilson Manor offers excellent access to public transportation and connectivity throughout Chicago. Situated in Albany Park, a diverse and high-demand rental neighborhood, the property benefits from strong fundamentals and ongoing investment in the area. Wilson Manor presents investors with a fully renovated, transit-oriented asset featuring stable income, rental upside, and attractive assumable debt.

Albany Park, situated approximately seven miles northwest of downtown Chicago, stands out as one of the city’s most culturally rich and internationally diverse neighborhoods. With a population of roughly 47,000, it is recognized for its dynamic mix of Hispanic, Asian, Middle Eastern, and Eastern European communities, all reflected in the neighborhood’s diverse culinary scene. The area fosters a strong cultural identity through institutions such as the Albany Park Theater Project and the Albany Park Neighborhood Choir, which highlight local stories and talent.

Highly accessible via the CTA Brown Line, multiple bus routes, and the nearby Kennedy Expressway (I-94), Albany Park is well-connected to both the Loop and surrounding suburbs. The neighborhood is home to respected educational institutions, including Edison Regional Gifted Center and Northeastern Illinois University, reinforcing its reputation as a hub for learning and opportunity. New developments such as the mixed-use project at 3318 W. Montrose continue to drive interest and investment, promising enhanced residential and commercial offerings. With its strategic location, deep cultural roots, and ongoing revitalization, Albany Park remains a compelling and high-potential destination within Chicago.

• Fully Renovated 33 Unit Courtyard Building
• Assumable Debt Available at 3.19% Through 2032; Interest Only Through 2030
• Renovation Included All New Mechanical Systems + Laundry in Each Unit
• 22 of 33 Units Are Two Bedroom/Two Bath Apartments
• One Block to CTA Brown Line Station