Essex Realty Group, Inc. is pleased to announce the sale of 2335-37 W. Superior St., a rare 14-Unit center-entrance apartment building located in the highly sought-after Ukrainian Village neighborhood of Chicago. The subject property consists of twelve (12) 2 Bd/1 Ba units and two (2) 1 Bd/1 Ba + den first-floor units situated on a double lot with a landscaped backyard. Further, the immaculately maintained property has received extensive capital improvements over the years that include a new tear-off roof, separate (tenant-paid) gas-forced heat in every unit and central air conditioning to seven (7) of fourteen (14) units, upgraded 460 AMP electric, separate hot water tanks, concrete and tuckpointing.
The subject property is situated steps from a multitude of restaurants and retail options along Chicago Avenue. The location also provides accessibility to 10-acre Smith Park and is within walking distance of Western Avenue Metra Station, which provides transportation to Chicago’s central business district.
Essex successfully launched a robust marketing campaign and garnered 29 tours and 9 offers. The buyer, a local investor, plans to make interior renovations to the property and increase rents over time.
The West Town neighborhood of Chicago is located a few miles west of Chicago’s Loop and offers views of Chicago’s skyline from most parts of the neighborhood. West Town benefits by being comprised of several neighborhoods whose residents have all brought a rich history. Neighborhoods within West Town include East Village, Eckhart Park, portions of Humboldt Park, Noble Square, portions of River West, Smith Park, Ukrainian Village, and Wicker Park.
Today, West Town is rapidly changing and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, independent theaters, quaint coffee shops, and a booming restaurant and nightlife scene. 2335-37 W. Superior St. is located in the heart of Ukrainian Village, just blocks from the neighborhood’s popular Chicago Avenue, as well as in close proximity to public transportation.
- Essex Generated 29 Tours and 9 Offers
- Large 14-Unit Building Provides Rare Opportunity to Obtain Scale in Much Sought-After Ukrainian Village
- Under Same Ownership for Over 30 Years
- Meticulously Maintained with Extensive Capital Improvements
- Excellent Opportunity for an Investor to Capture Significant Rental Upside through Rehab
- Large Unused Basement Space with High Ceilings
- Steps from an Abundance of Restaurants on Chicago Avenue and Western Avenue Metra Station