Essex Realty Group, Inc. has been exclusively engaged to market for sale 3401 N. Hamlin Ave., a 4-unit, walk-up apartment building located in Chicago’s Avondale neighborhood.

3401 N Hamlin Ave. represents a true value-add opportunity. The apartments are currently vacant, much of the demolition has been completed, and the building is ready for renovation. The current layouts include two 2Bd/1Ba units and two 3Bd/1Ba units, however, there may be an opportunity to reconfigure the units to add additional bathrooms, to create more open floor plans, or to duplex into the basements. In addition, the Property features a one-car garage.

3401 N. Hamlin Ave. is situated in a quiet residential neighborhood with easy access to public transportation and the I-90/94 expressway. The Addison CTA Blue Line Station and Kennedy Expressway are located less than 0.3 miles from the Subject Property providing easy access to the City and Suburbs. The Property is within close proximity to several CTA bus stops.

• Essex generated over 10 property tours and multiple offers.
• True value-add opportunity to fully renovate 4 vacant apartment units in Chicago's Avondale neighborhood.
• Unit mix: Two (2) 2Bd/1Ba, Two (2) 3Bd/1Ba with the potential to add an additional bathroom to each unit.
• Price Per Unit: $118,750 / Renovated Cap Rate: 7.86% / Renovated GRM: 8.64