4520 N. Beacon is a 24-unit apartment building with 24 parking spaces. The Property was completely renovated in 2015 from its prior use as the Hull House and is often referred to in the neighborhood as the “Gorilla Building,” due to the notable John Kearney gorilla sculpture that has been displayed in front of the property since 1977.

The units consist of 6 two bedroom/one bathroom units, 12 three bedroom/two bathroom units, 3 three bedroom/three bathroom units, and 3 four bedroom/three bathroom units.

The Property offers all new building systems and interiors. Apartments feature new hardwood flooring; drywall; crown molding; updated kitchens (including newer cabinets, granite counters, stainless steel appliances, dishwashers and microwaves); new bathrooms; in-unit laundry; individual HVAC and hot water heaters. Each unit has its own balcony or patio. The building is flexicore construction and has one elevator. There are no ARO units.

The seller reduced the loss to lease last season, leading to a 10.84% rent roll increase, with potentially 7.73% rental upside still to gain based on market rates.

4520 N. Beacon St. is conveniently located 0.4 miles from the Wilson CTA Red Line Station and 0.8 miles from the Ravenswood UP-N Metra Station.

The seller has additional properties for sale. Please contact your broker for more information.

Uptown was originally developed as an affluent resort area that served as a tranquil oasis away from the hectic city life. It was a popular destination for movie stars of Chicago’s silent film era, which is evidenced by the numerous destinations for music and the arts. Landmarks like the Aragon Ballroom, Riviera Theater, Uptown Theater, and Green Mill Jazz Club hold deep historical, architectural, and cultural significance and are still frequented today. Situated roughly six miles North of Chicago’s Central Business District, Uptown offers residents a charming community of tree-lined streets while still being within close proximity to downtown Chicago. Uptown is located just north of Lakeview and east of Ravenswood, which allows residents to enjoy the great qualities these neighborhoods have to offer. Uptown is mostly residential, containing six flats, single-family homes, and courtyard apartment buildings. The nearby Montrose harbor and Montrose beach make lake and park access easy for residents.

• 24-Unit Walk-Up Apartment Building
• Unit Mix: (6) 2Bd/1Ba, (12) 3Bd/2Ba, (3) 3Bd/3Ba, (3) 4Bd/3Ba
• All New Building Systems and Interiors
• Property Was Completely Renovated in 2015
• Assumable Debt
• 24 Parking Spaces
• Close Proximity to Wrigley Field, the Wilson CTA Red Line Station, Ravenswood UP-N Metra Station, and the Lakefront