Essex Realty Group, Inc. is pleased to announce the sale of 3501 W. Armitage Ave., a 7-unit mixed-use building located in vibrant Logan Square. The Subject Property has undergone various capital improvements (detailed on Page 8), and offers investors the opportunity to further improve the unit interiors and increase income significantly within this desirable pocket of Logan Square.
The building’s unit mix consists of two (2) 1-Bedroom/1-Bath, two (2) 1-Bedroom/1- Bath + Den and two (2) 2-Bedroom/1-Bath apartments. Additionally, the property includes approximately 1,925 square feet of recently updated street-level commercial space, along with a large private basement. The property also features a tandem four (4) car garage.
3501 W. Armitage Ave. is located within steps from Palmer Square Park, as well as The 606. Additionally, quick access to the California CTA Blue-Line Station and several nearby bus stops and Divvy stations offers tenants many excellent public transportation options.
Logan Square, about three miles northwest of downtown Chicago, is a vibrant, multicultural area known for its art, music, local businesses, and dining options.
The neighborhood boasts historical Greystone buildings, mainly two- and three-flat houses and single-family homes, primarily built by German and Scandinavian immigrants in the late 1800s. These structures are prominent along Logan, Kedzie, and Humboldt Boulevards, as well as Logan and Palmer Squares.
The population of Logan Square surged after the Great Chicago Fire of 1871. By 1889, it was fully integrated into Chicago, further boosted by the arrival of the CTA’s L train.
In recent years, Logan Square has experienced rapid growth, leading to new residential and commercial developments. The neighborhood offers a 2.5-mile stretch of boulevards, perfect for enjoying Chicago’s weather and outdoor activities.
- Eighteen (18) Property Tours & Two (2) Offers Generated
- Corner 7-Unit Mixed-Use Building
- Significant Value-Add Opportunity
- Located in Vibrant Logan Square, Near The 606 & Palmer Square
- Attractive Unit Mix: Two (2) 1-Bd/1-Ba, Two (2) 1-Bd/1-Ba + Den, Two (2) 2-Bd/1-Ba, One (1) 1,925 SF Corner Commercial Space
- Four (4) Tandem Garage Spaces