Essex Realty Group, Inc. is exclusively engaged to market the sale of 4256 N. Sawyer Ave., a six-unit walk-up apartment building situated in a low-density pocket bordered by Ravenswood Manor, Irving Park, and Mayfair in Chicago’s desirable Albany Park neighborhood.
The property consists of three (3) one-bedroom, one-bath units and three (3) two-bedroom, one-bath units. Inside, the apartments feature hardwood flooring, individual furnaces, separate hot water tanks, and moderately updated kitchens and bathrooms.
Each unit offers spacious floor plans with separate dining rooms, enclosed front sunrooms, and rear porches. The building has been well-maintained over the years with several recent capital improvements, including roof resealing, tuck-pointing, new gutters, vinyl windows, and the addition of two new back porches in 2017.
Over the past 12 months, the current ownership has successfully increased revenue by nearly 15%. Despite the already strong rental income, the property presents an attractive opportunity for investors to add further value through continued interior upgrades. Renovating kitchens and bathrooms with contemporary finishes, adding in-unit laundry, and possibly incorporating an additional garden apartment would significantly enhance the building’s appeal and cash flow, positioning it as a premium rental property in a highly sought-after submarket.
4256 N. Sawyer Ave. is ideally located near public transportation and various neighborhood amenities, making it a highly attractive asset for both tenants and investors.
The subject property is conveniently located in Albany Park, a vibrant and diverse neighborhood on Chicago’s North Side. Albany Park is well known for its tree-lined residential streets, cultural richness, and strong community atmosphere. The area features a mix of classic Chicago brick two-flats, vintage apartment buildings, rehabbed single-family homes, and new-construction developments, offering a wide range of housing options for residents.
Albany Park residents enjoy an eclectic selection of local shops, global cuisine, and family-owned restaurants, reflecting the neighborhood’s multicultural heritage. Nearby green spaces, such as River Park and Horner Park, provide ample opportunities for outdoor recreation, sports, and community events.
The subject property is only a 6-minute walk from the Kedzie Brown Line stop, located at Kedzie and Eastwood, offering a convenient commute directly to Chicago’s Loop and surrounding neighborhoods. In addition, the property is a short drive to I-90/94 expressways, providing easy access to the entire Chicago metro area. With its strong transit options, thriving local amenities, and continued residential growth, Albany Park remains a desirable neighborhood for residents and investors alike.
- 6-Unit Walk-Up Building
- (3) One-& (3) Two-Bedroom Layouts with Separate Dining Rooms
- Great Location, Value-Add Opportunity
- Strong Rental Upside As-Is (Rents Increased 15% in the Past 12 Months)
- Tenant-Paid Utilities-Individual Furnaces
- Well Maintained with Several Capital Improvements
- Long-Term Tenants