Essex Realty Group, Inc. is pleased to present 4012-14 N. Sheridan Ave., an eight-unit, center entrance apartment building located in the Buena Park neighborhood of Chicago. The property has been under the same ownership for over 35 years and has been meticulously maintained during its tenure. Initially built in 1903 as luxury residences, the property has been modernized over the years to meet today’s rental needs while preserving the historic woodwork and keeping the intricate detail intact.
The building’s unit mix consists of six three-bedroom / two-bath (Approx. 2,000SF), one two-bedroom / one-bath (Approx. 1,800SF), and one one-bedroom/ one-bath (Approx. 1,500SF) apartment layouts.
Upon entering the apartments, the hardwood flooring leads you through these expansive units, including formal dining rooms, oversized family rooms, and individual exterior terraces. The building was first renovated in the late 1980s and has been modestly updated over the years. Some improvements include updated kitchens and bathrooms, windows, copper plumbing, updated electric service, and steel porches. Additionally, all the units feature individual HVAC units and in-unit laundry.
One of the most appealing aspects of this offering is that the property sits on an approximately 10,500SF lot that provides up to 12 parking spaces at the rear of the property for tenants.
4012-14 N. Sheridan is truly a rare offering with multiple investment strategies for an investor, including a potential condominium conversion exit strategy.
Situated roughly six miles north of Chicago’s Central Business District, Buena Park offers residents a charming community of tree-lined streets while still being within close proximity to downtown Chicago. Buena Park is mostly residential containing six-flats, single-family homes, and courtyard apartment buildings. The acres of green spaces throughout the neighborhood make Buena Park feel like a bucolic neighborhood that stands in stark contrast to the many high-rise buildings that surround it.
Buena Park is located just North of Lakeview and East of Ravenswood allowing residents to enjoy the great qualities these neighborhoods have to offer. The subject property is close enough to the Lakeview border that residents are within walking distance from Wrigley Field, home of the Chicago Cubs. Additionally, the surrounding neighborhoods offer Buena Park residents a vast number of bars, restaurants, taverns, and multiple retail corridors. Buena Park also has a hand full of its own entertainment destinations. During the summer residents can make their way to the Sydney Marovitz Golf course located along the Chicago lakefront. The community also puts on festivals and events for all residents to take part in. Some being the Annual Neighborhood Festival, Kites Festival, and road races for runners.
- Desirable Buena Park Location
- First Time on the Market in Over 35 Years
- Extremely Well Maintained Eight (8) Unit Property
- Six (6) of the Units are Three-Bedroom Layouts Over 2,000SF
- Select Units Have Been Updated
- The Building Includes Individual HVAC, New Electric Service, Copper Plumbing, and Steel Porches
- Twelve (12) Parking Spaces