Essex 312, LLC has been exclusively engaged to market for sale 3742 W. Diversey Ave., a well cared for 2-unit brick apartment building with an additional non-conforming garden unit in Chicago’s Logan Square neighborhood.

The building features two (2) renovated 2 Bed / 1 Bath units, along with an additional 2 Bed / 1 Bath garden unit. Unit finishes include hardwood floors, quartz countertops, stainless steel appliances, and access to common laundry. The property also offers a large rear yard and a two-car brick garage.

The unit mix presents meaningful rental upside in its current condition and given the size of the opportunity, it could work well for both a traditional apartment investor and a potential live-in owner. The Logan Square submarket has experienced significant rent growth over the past decade, and comparable units have recently leased for nearly 12% more than the current in-place rents.

The Subject Property is located on the north side of Diversey Ave, just a block from from Kosciuszko Park – a beautiful park that was recently renovated and is among the original parks of the Northwest Park district. It’s also approximately .5 miles from both the Logan Square Blue Line CTA Stations and the heart of Logan Square’s entertainment districts surrounding the boulevard.

Logan Square, located approximately three miles northwest of Chicago’s central business district, is a multi-cultural community of arts organizations, music venues, local businesses, and an abundance of restaurants and cocktail bars.

Among other things, the area is known for its historical and handsome solid greystone two- and three- flats, and single-family homes that line Logan, Kedzie and Humboldt Boulevards, and Logan and Palmer Squares. The majority of which were constructed by German and Scandinavian immigrants in the late 1800s. After the Great Chicago Fire of 1871, the neighborhood’s population began rapidly expanding; and, by 1889, the entirety of Logan Square had been annexed by the City of Chicago & the CTA’s L line shortly thereafter.

Today, the area continues to see expansion year after year. A booming growth in population has allowed for new residential and retail developments to pop up over the last several years. Residents can often be found enjoying the Chicago weather on the 2.5 mile stretch of boulevards that expand across the neighborhood.