Essex Realty Group, Inc. has been exclusively engaged to market for sale, 3401 West North Avenue, an 18-unit mixed-use property located in Chicago’s fast growing and popular Humboldt Park neighborhood. The building was substantially renovated in 2011 and is comprised of 15 spacious 2 & 3 bedroom apartments, along with 3 ground level retail spaces. The 2011 renovation included new electric service, wiring and 100 AMP breaker panels inside the units, individual furnaces and hot water tanks, laundry in unit, new porches, tuckpointing & windows. One apartment is a basement unit that was previously damaged and is ready for renovation.
The corner retail space features amazing frontage along both North and Homan Avenues leased to a Currency Exchange since 2003. The other two spaces feature great frontage along North Avenue, one of which has been occupied by a nail salon for several years.
The property is situated on the southwest corner of North Avenue and Homan Avenue, making it an ideal location in Chicago’s Humboldt Park neighborhood. 3401 West North is only a few blocks from the popular 197-acre Humboldt Park, and just south of the Logan Square neighborhood full of dining, shopping and entertainment options. The Western & Damen “L” stations are both less than two miles away, along with the Grand/Cicero Metra train station, providing tenants quick access to the Blue Line and MD-W Line. Along with several surrounding bus stops, tenants are offered excellent transportation options.
Humboldt Park, named after its’ historic park, is located on the City’s West Side and is a known for being a culturally rich neighborhood in Chicago. Humboldt Park benefits from being surrounded by multiple sought after Chicago neighborhoods such as Ukrainian Village, Wicker Park, Bucktown and Logan Square. Located in the heart of the Humboldt Park Community, Humboldt Park totals 197-acres and features a historic lagoon & boat house, a large field house, two gymnasiums, an inland beach, and countless playgrounds and sports fields. Humboldt Park continues to grow attention in Chicago due to the steady rise in property values, commercial and residential development, along with a strong increase in dining and entertainment options.
The property is located on the southwest corner of North Avenue and Homan Avenue, and only a few blocks to the ever-popular Humboldt Park. 3401 West North is also conveniently located less than two miles from the Grand/Cicero Avenue Metra Rail Station and both the Western & California CTA Stations, and in close proximity to numerous bus stops.
- Substantial Renovation Completed in 2011
- Large 2 & 3 Bedroom Apartments
- 800 AMP Electric Service to Building; 100 AMPs to Each Apartment with Updated Panels in Unit
- Porch System, Tuckpointing & Windows Completed in 2011
- Separate Heat in Each Apartment
- In-Unit Washer Dryer in all Apartments
- In-Unit Hot Water Tanks
- Substantial Rent Increases Achieved During 2023 Leasing Season