Essex Realty Group, Inc. has been exclusively engaged to market for sale, 4101 North Monticello Avenue, located in Chicago’s popular Irving Park neighborhood and consists of 7 oversized 2 & 3 bedroom apartments (1,000 – 1,150 SF).
OVERSIZED APARTMENTS ON A CORNER LOT
The 1,000 – 1,150 SF apartments are oversized with massive living rooms, separate dining areas and generously sized bedrooms. The units all feature hardwood floors, stainless steel appliances and laminate counters in the kitchen, large bathrooms, and outdoor space. Every unit receives a substantial amount of light due to the building’s location on the northeast corner of Monticello & Belle Plaine Avenues.
RENOVATED IN 2013
The electric, plumbing, HVAC systems, kitchens, baths and exterior porches were all replaced as part of a comprehensive renovation in 2013. The building features a 400 AMP electric service with newer 100 AMP panels inside of every unit.
OPPORTUNITY TO ADD LAUNDRY IN UNIT
With newer plumbing and electricity and open space near established plumbing walls, there may be an opportunity to add laundry into each unit utilizing existing mechanical systems.
LOCATION
The property in prime Old Irving Park is in close proximity to the Irving Park Metra and Irving Park “L” Stations with quick access to the CTA Blue Line, UP-NW Metra Line and 90/94 Expressway, along with several bus stops, offers tenants countless transportation options.
The Irving Park neighborhood of Chicago is located on the Northside of the city, less than 10 miles north of Chicago’s Loop. The Kennedy Expressway (I-94) runs through Irving Park, providing residents easy access to downtown and the Chicagoland area suburbs. The neighborhood is known for its iconic architecture, with some of its historic bungalows dating back to before the Great Chicago Fire.
Irving Park is one of Chicago’s most desirable neighborhoods, offering an array of quaint coffee shops, local breweries, and a diversified dining scene. The property is located on the east side of Monticello Avenue, just north of Belle Plaine Avenue, and only 3 blocks to the ever-popular Independence Park. The Park can be utilized year-round thanks to its indoor pool, outdoor playground, baseball diamonds, walking path and farmers’ market.
4101 N Monticello is also conveniently located less than one mile to the Irving Park Metra Station, Irving Park “L” Station, Kennedy Expressway, and in close proximity to numerous bus stations.
- Oversized Corner Building; Fully Renovated in 2013
- 1,000 SF 2 Bedroom Apartments
- 1,150 SF 3 Bedroom Apartments
- Individual HVAC & In Unit Water Tanks
- New 100 AMP Electric Panels In Unit, 400 AMP Service to Building
- Opportunity to Add In Unit Laundry Utilizing Existing Plumbing Stacks
- Recent Tuckpointing Project Completed; All Lintels Replaced
- $200 of Proven Rental Upside in Each Tier