Essex 312, LLC has been exclusively engaged to market for sale 4129 N. St. Louis Ave., a recently (2023) gut rehabbed legal 4-unit apartment building in Chicago’s Irving Park neighborhood. The offering presents a tremendous opportunity to acquire a turnkey asset in one of Chicago’s most sought-after neighborhoods.
The Subject Property is comprised of three (3) 3 Bed/1 Bath units and a 1 Bed/1 Bath unit – typical floor plans located in “Additional Information” section at the end of the offering memorandum. Each unit features wood flooring, stainless steel appliances, quartz countertops, dishwashers, central heat and air conditioning, in-unit laundry and access to both a private yard and a newly built rear porch. This offering presents a tremendous opportunity for a live-in investor or regular investor to acquire a low-maintenance asset in a pocket of Irving Park that has relatively low apartment density, mostly filled with recently renovated single-family properties.
The Subject Property is in a prime Irving Park location and 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 offering tenants countless transportation options. The block itself is mostly comprised of recently renovated single-family properties, creating a comforting residential feel for prospective tenants.
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 St. Louis Avenue, just north of Belle Plaine Avenue, and only 6 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.
4129 N. St. Louis 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.