Essex Realty Group, Inc. is pleased to announce the sale of 4540 N. Ravenswood Avenue, an exceptional new construction multifamily property located in Chicago’s sought-after Ravenswood neighborhood. This 10-unit trophy asset was delivered in July 2019 and features one, two, and three-bedroom luxury units with simplex, bi-level, and tri-level floorplans. Intelligently designed interiors with modern amenities and parking, the property is within walking distance to the Metra Brown Line. Essex conducted an extensive marketing campaign resulting in more than 14 property tours and five offers.
The subject property is conveniently located in the Ravenswood neighborhood which is considered by many a Class-A market in Chicago. Ravenswood has seen real estate values skyrocket in the past decade, making it one of the highest valued markets in the City of Chicago. Ravenswood is well known for its quiet tree-lined streets, spacious lawns, extra-large front property setbacks, and beautiful residential architecture. Many of the homes that were built in the early 1900s are still around today. These neighborhood properties stand side-by-side with rehabbed single-family homes, new construction single-family homes, and new construction condominiums.
Ravenswood residents enjoy a variety of shops and restaurants, from trendy boutiques to family-owned eateries. Ravenswood avenue has a number of vintage buildings that were used as machine shops or other forms of industrial businesses throughout the 1900’s. Some of these buildings are still being used for industrial business purposes but many have been converted into offices, lofts, and artist spaces. Many art studios, restaurants, and antique shops have been spotted along this unique street.
The subject property is just a 3-minute walk to the newly developed 80,000 SF Mariano’s and LA Fitness. Built in 2014, Mariano’s has brought 600 jobs to the Ravenswood community. The subject property is located a half mile west of Aragon Ballroom and Riviera Theater in the adjacent neighborhood of Uptown. The Aragon Ballroom and Riviera Theater host some of the top musicians in the industry and both are recognized as some of Chicago’s most popular music venues. Additionally, a few blocks north of the subject property is the Andersonville neighborhood. Andersonville is home to the Clark street shopping district which is comprised of some of the most unique shops and restaurants in all of the city.
- Trophy asset in the highly desirable Ravenswood location
- New construction, boutique apartment building with bi-level and tri-level floorplans
- Luxury one/two/three-bedroom apartments featuring private outdoor space (patio, balcony, rooftop)
- Intelligently designed interiors with modern amenities and parking
- Walking distance to the Metra Brown Line