ON MARKET – MULTI-FAMILY
1627 N. Humboldt Blvd. Chicago, IL 60647
NEIGHBORHOOD
Logan Square
PRICE
$6,100,000
NUMBER OF UNITS
41
CAP RATE
6.02%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1627 N. Humboldt Blvd.. ("the Property") located in Chicago’s Logan Square neighborhood. The Property consists of forty-one (41) fully renovated apartments comprised of thirty-three (33) studios and eight (8) one-bedroom units. The property also features four off-street parking spaces in the rear.

LOCATION DETAILS

The unit interiors and common areas including the lobby, mail room, and bike storage and bike repair station were completely renovated in 2015. Updated units feature modern finishes including hardwood-like plank floors, stainless steel appliances, quartz countertops, updated baths, and through-wall heating and cooling units.

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

HIGHLIGHTS
  • Turn-key property in a rapidly developing neighborhood.
  • Fully renovated apartments with tenant-paid utilities.
  • Unit mix: (33) studios, (8) 1Bd/1Ba, (4) surface parking spaces.
  • Conveniently located 0.2 miles from the 606 bike and pedestrian trail and within close proximity to a variety of public transportation options.
  • Cap rate: 6.02% | GRM: 11.58 | Price Per Unit: $148,780
  • 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.
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Clay Maxfield
Director
773.305.4852