Essex Realty Group secured a buyer for this 12 unit value add property after a highly competitive marketing process resulting in 7 offers from more than 21 property tours.
The Logan Square neighborhood is located approximately three miles northwest of Chicago’s Central Business District. 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 several 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 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. Boasting a population of nearly 177,000 residents and an average household income just under $77,000, Logan Square has experienced a recent surge in its student and young business professional population.
The neighborhood’s rich culture, close proximity to downtown, and unique commercial offerings appeal greatly to the millennial population who desire communities with vibrant character and eclectic charm. In recent years, the seven-acre Palmer Square Park located in the heart of Logan Square underwent significant upgrades, including the development of new walking and biking trails, children’s play areas, and extensive landscaping.
- Phenomenal Logan Square Neighborhood
- Corner Walk-Up Building
- Essex Generated Multiple Offers