Essex Realty Group, Inc. has been exclusively engaged to market for sale 4401 N. Beacon St., a 13 unit apartment building located in Chicago’s Sheridan Park neighborhood. The property is currently comprised of three (3) 1 Bd/1 Ba apartments and ten (10) 2 Bd/1 Ba apartments.
4401 N. Beacon provides an investor with the opportunity to acquire a well-maintained building in a coveted North Side location. As the enclosed rent comparables demonstrate, a new owner should be able to raise rents approximately 25% with little-to-no work, which equates to roughly $275/unit/month.
The property is ideally located within walking distance to the Andersonville and Southport commercial corridors. Additionally, the Lakefront Trail and Montrose Beach are located just one mile to the east. Due to the building’s location on the northeast corner of Beacon and Montrose, all 13 units have unobstructed south or west views which provide ample sunlight for all units.
- 36 Showings & 18 Offers in Two Weeks of Marketing
- 3.8% Cap Rate on Current Income
- Incredible Value-Add Opportunity
- Walking Distance to Red and Brown Line CTA Train Stations