Essex Realty Group, Inc. is pleased to announce the sale of 4410 N Greenview Ave. nestled between the Ravenswood and Sheridan Park neighborhoods on the north side of Chicago. The (7)-unit multi-family property is comprised of a 6-unit brick building with large 1Bd/1Ba units (800 SF) and a 3Bd/1Ba coach house. The property also includes a landscaped backyard and two parking spaces.
The units feature hardwood floors, large private front and rear porches and individual furnaces. Recently, the coach house was fully rehabbed with high-end modern finishes, in-unit laundry and HVAC.
Current rents are approximately $150-$250 below market. For example the average 1Bd/1Ba unit is currently rented for $1,353 whereas similar units in the immediate area are renting for an average of $1,492. Furthermore, the new owner will have the opportunity to capitalize on the large 1-bed layouts by converting them to 2-bed layouts. In the immediate area, 2-bed units are renting for an average of $1,973. This represents a potential rental increase of over $600 per unit/month.
4410 N Greenview Ave. boasts an excellent location surrounded by a range of local amenities. Residents also have the convenience of the Brown, Red and Metra UP-N Train lines all within walking distance.
The Subject Property is nestled between two of Chicago’s desirable neighborhoods, Sheridan Park and Ravenswood. It is located on the north side of Chicago approximately 7 miles from the city center. Situated within the larger Uptown community, the well-preserved area contributes to the neighborhoods’ architectural charm.
Ravenswood and Sheridan Park benefit from their proximity to public transportation options. The CTA Brown and Red Lines provide easy access to downtown Chicago, while several bus routes serve the area, enhancing commuting convenience. Additionally, the nearby Ravenswood Metra station offers an alternative mode of transportation for residents.
The combined area of the two neighborhoods offers a range of local amenities within walking distance or a short drive away. Residents have access to grocery stores, convenience shops, restaurants, and cafes, providing everyday essentials and dining options. The nearby Wilson Avenue corridor features an array of businesses, including boutiques, salons, and specialty stores.
- 25+ Property Tours & Multiple Offers
- Under Contract Within Two Weeks of Marketing
- Large 1-Bed Layouts (800 SF) with 2Bd Conversion Opportunity
- Significant Rental Upside (15-30%)
- Close Proximity to Montrose Brown Line & Ravenswood Metra