Essex Realty Group, Inc. is pleased to announce the sale of 4520-4528 N. Wolcott Ave., a 32-unit vintage courtyard apartment building located in Chicago’s coveted Ravenswood neighborhood. The property closed at record-breaking sale metrics, setting a new benchmark for vintage apartment buildings in Ravenswood.

The property consists of (20) one bedroom/one bathroom and (12) two bedroom/one bathroom apartments all of which feature hardwood floors, vintage finishes, radiator heat, and window-unit air conditioning. Notably, the property is equipped with coin-operated laundry facilities as well as a two (2) car garage.

4520-4528 N. Wolcott Ave. is situated 0.2 miles from the Montrose brown line stop and within walking distance of a plethora of popular restaurants. Its strategic positioning within the vibrant Ravenswood neighborhood enhances its allure, making it a coveted destination for residents seeking the perfect blend of comfort, convenience, and culture.

Situated in Chicago’s highly desirable Ravenswood neighborhood, the subject property occupies a premier location. Within a few minutes walk lie both the Damon and Montrose Brownline “El” stations, providing convenient access to public transportation. Additionally, numerous bus stops are conveniently located nearby, further enhancing accessibility. Just a block south, the bustling Montrose Avenue awaits, offering an enticing array of beloved local restaurants for residents and visitors to enjoy.

Ravenswood boasts a mature and affluent resident base and has become one of Chicago’s most desirable bedroom sub-markets. With an average resident age of 36 years and an average household income of $97,942 (38% above the national average), the median average home price has grown by more than 27% (to $585,000) in just the past year, according to Redfin.