Essex Realty Group, Inc. has been exclusively engaged to market for sale 4401-4407 W. Iowa St., a 9-unit corner apartment building located in Chicago’s West Humboldt Park neighborhood. The building consists of entirely two bedroom/one bathroom apartments. The building features one parking space.

The majority of the units have received recent renovations, which include granite countertops, new cabinetry, stainless steel appliances, upgraded baths, individual furnaces, and new or refinished hardwood floors.

Five out of the nine units currently receive rent subsidies. A new owner may wish to add value by converting the remaining units to subsidized units, which would increase monthly income by roughly 16%. Additionally, a new owner may elect to utilize the space on the side of the building to add two parking spaces to the existing single space.

4401-4407 W. Iowa St. is located three blocks from the CTA #66 bus line and just over one mile from the CTA Green Line.

Humboldt Park, named after its historic park, is located on the City’s West Side and is known for being a culturally rich neighborhood in Chicago. Humboldt Park benefits from being surrounded by multiple sought-after Chicago neighborhoods such as Ukrainian Village, Wicker Park, Bucktown, and Logan Square. Located in the heart of the Humboldt Park Community, Humboldt Park totals 197 acres and features a historic lagoon & boat house, a large field house, two gymnasiums, an inland beach, and countless playgrounds and sports fields. Humboldt Park continues to draw attention in Chicago due to the steady rise in property values and commercial and residential development, as well as a strong increase in dining and entertainment options.

• Unit Mix: (8) 2Bd/1Ba, (1) 2Bd/Ba - GDN
• Majority of Units Renovated
• Tenant Paid Heat