Essex Realty Group, Inc. is pleased to announce the sale of 3812-14 N Wayne Avenue, a six-unit apartment building located in Chicago’s sought-after Lakeview neighborhood. The property sits in the highly accredited Blaine School District and steps away from the Southport corridor’s vibrant retail and entertainment district.
The building’s unit mix consists of six (6) two-bedroom one-bathroom apartments (approx. 1,200SF) that include formal dining rooms, oversized family rooms, enclosed sunrooms, and rear outdoor porches. The apartments feature hardwood floors throughout, in-unit laundry, and the kitchens and bathrooms have been modestly updated over the years while maintaining the vintage appeal.
Investors were attracted to the asset’s location and the value-add potential. Essex successfully generated 15+ tours and 6 offers.
The subject property is conveniently located in the heart of the West Lakeview neighborhood on Chicago’s North-side. West Lakeview is one of Chicago’s most prestigious neighborhoods and sits adjacent to Lake Michigan. The neighborhood has a rich history and was one of the first areas to prosper as Chicago developed. The property sits on a quiet, tree-lined street surrounded by vintage apartment and condominium buildings. The immediate pocket where the subject property is located in a very tenant-friendly area where many residents can enjoy the great qualities the neighborhood has to offer. Lakeview is one of Chicago’s liveliest and most accessible neighborhoods. Lakeview has a wide variety of taverns, mid-range restaurants, trendy shops, and spectacular nightlife
The subject property is fittingly positioned in the center of Lakeview on a residential street just east of Southport Avenue, one of Lakeview’s most popular commercial stretches. Residents are steps away from major retailers such as Starbucks, Jewel-Osco, CVS, and some of Chicago’s most historic landmarks; like Wrigley Field, the home of the Chicago Cubs, and the Music Box Theater. Southport is also home to many unique restaurants, breweries, and shops.
- Extremely Well Maintained Center Entrance Six Flat
- Currently 2 Bed / 1 Bath Apartment Layouts (1,288SF)
- Family Owned for Generations
- Essex Generated 15+ Property Tours
- Competitive Bidding Process
- Six (6) Written Offers