Essex Realty Group, LLC is pleased to announce the sale of, 3818-20 W. Schubert, a value-add 7-unit corner apartment building located in Chicago’s Logan Square neighborhood.
The building sits on a wide lot, approximately 32′ x 125′, and features three large 2 Bed/1 Baths, three large 1 Bed/1 Baths, and one 2 Bed/1 Bath unit. Unit finishes feature hardwood floors, granite or laminate countertops, stainless or black/white appliances, dishwashers, boiler heat and common laundry in the basement. The property also includes a two-car garage.
Essex successfully ran an extensive marketing process and navigated the Northwest Side Preservation Ordinance for a successful closing.
Logan Square, located approximately three miles northwest of Chicago’s central business district, is a multi-cultural community of art 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.
- Successfully Ran an Extensive Marketing Process & Navigated the Northwest Side Preservation Ordinance
- First Sale Over 5 Units in the Ordinance Zone
- Sold Over List Price & Financed by Essex Capital Markets
- Prime Value-Add Corner Apartment Building with Oversized Apartments on Large Lot