ON MARKET – MULTI-FAMILY
5335 North California Avenue Chicago, IL 60625
PRICE
$6,800,000
NUMBER OF UNITS
42
CAP RATE
6.18%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 5335 North California Avenue, a 42 unit condominium building located in Chicago’s Budlong Woods neighborhood, a subsect of the Lincoln Square Community. Sunset on California sits on an extra large lot measuring 158 x 125 FT at the northeast corner of California Avenue and Summerdale Avenue. The property features a beautiful front lawn, wide hallways, and 17 surface parking spaces in the rear. Per section 15 of the Illinois Condominium Act, Essex has been engaged to represent the Sunset on California Condominium Association in the sale of all condominium units. Please note, all offers will be subject to a vote by the Sunset on California Condominium Association.

LOCATION DETAILS

Budlong Woods is a small neighborhood on Chicago’s north side bordered by Bryn Mawr Avenue to the north, Western Avenue to the east, Foster Avenue to the south, and the Chicago River to the west. The neighborhood falls within the Lincoln Square community which also encompasses Ravenswood Gardens, Bowmanville, and Lincoln Square. Swedish Covenant Hospital is situated just 3 blocks south of the property and is a large employer in the area with over 2,500 employees and 600 physicians stationed at the hospital. This award winning hospital was founded in 1886 and is a staple in the community.

The property is located on the northeast corner of California and Summerdale in the heart of Chicago’s Budlong Woods neighborhood. Budlong Woods sits approximately 2.5 miles from Chicago’s beautiful lakefront and 8 miles north of The Loop. The property is also conveniently located a little over 1 mile from the Rockwell Brown Line CTA Station and in close proximity to numerous bus stops and Divvy Bike stations.

HIGHLIGHTS
  • Value Add; Renovate apartments to achieve maximum rental income
  • New boiler and roof layer installed in 2018; windows replaced approx. 10 years ago
  • Amazing property with beautiful landscaping, spacious hallways, & elevator
  • 17 parking spaces
  • 18 one bed/one bath apartments (approx. 800 SF)
  • 24 two bed/one bath apartments (approx. 1,000 SF)
  • Great location – 1 block to Swedish Covenant Hospital; close proximity to Lincoln Square & Albany Park
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922
Steven Livaditis
Principal
773.305.4840