ON MARKET – MULTI-FAMILY
1832 N. Humboldt Blvd. Chicago, IL 60647
NEIGHBORHOOD
Logan Square
PRICE
$10,600,000
NUMBER OF UNITS
45
CAP RATE
5.49%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1832-1842 N. Humboldt Blvd.. ("the Property") located in the heart of Chicago’s Logan Square neighborhood. The Property consists of forty-five (45) apartments comprised of thirty (30) one-bedroom, eight (8) two-bedroom, and seven (7) three-bedroom units.

LOCATION DETAILS

All units were renovated between 2013 and 2015. The units feature spacious layouts, refinished hardwood floors, black or stainless steel appliances, and granite countertops. In addition, 24 apartments feature balconies and 18 units have sunrooms. Residents also benefit from Wi-Fi provided by the building, a large bike storage room with an easy access ramp, and PayRange-enabled laundry facilities powered by a smartphone application.

DISCLOSURE: THE MANAGING MEMBER OF THE LLC THAT OWNS THE SUBJECT PROPERTY IS A LICENSED REAL ESTATE BROKER IN THE STATE OF ILLINOIS.

HIGHLIGHTS
  • 45-unit courtyard building in the desirable Logan Square neighborhood
  • Conveniently located: 0.5 miles south of the California CTA blue line station, 0.1 miles from the 606 trail, and within close proximity to multiple CTA bus stops and new developments
  • Recently renovated units
  • Unit mix: (30 1Bd/1Ba, (9) 2Bd/1Ba, (6) 3Bd/1Ba
  • Opportunity to convert five (5) two-bedroom units to three-bedroom layouts (see enclosed rent roll for details)
  • 1627 & 1832 N. Humboldt Blvd. are listed separately but are owned by the same controlling entity and may be purchased together, providing immediate and greater scale in Logan Square.
  • Cap rate: 5.49% | GRM: 12.41 | Price Per Unit: $235,556
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Clay Maxfield
Director
773.305.4852