Essex Realty Group, Inc. is pleased to announce the sale of 4827-4833 North Wolcott Avenue, a stately 25 unit courtyard building located in the heart of Chicago’s popular Ravenswood neighborhood. The buyer was quickly attracted to the property primarily due to the value-add opportunity presented and the lack of inventory for quality courtyard buildings in this ideal pocket of Ravenswood. Essex successfully conducted an extensive marketing campaign resulting in more than 21 property tours and five offers.
RICH HISTORY: Ravenswood is a charming neighborhood on the North Side of Chicago situated less than 8 miles north of the Loop. The neighborhood is ideal for commuters as there are numerous proximate public transportation options. Chicago’s famous concert venues including the Old Town School of Folk Music, the Aragon Ballroom, and the Riviera Theatre, as well as the historic Green Mill Jazz Bar are only a mile away. Also sitting just one mile east is Chicago’s Montrose Harbor & Beach, both popular destinations year-round.
PRIME LOCATION: The property is located on the east side of Wolcott Avenue just north of Lawrence Avenue, in the heart of Ravenswood. 4827-4833 N Wolcott is located only 5 blocks from the Damen Brown Line CTA Station, minutes from the Ravenswood Metra Rail Station, and in close proximity to numerous bus stops. The property is also surrounded by several restaurants, bars, and entertainment options, notably, the Old Town School of Folk Music which is only a seven-minute walk away.
- 19 Oversized One Bedrooms & 6 Large Two Bedroom Apartments
- Meticulously Maintained by Long-Term Owner
- Significant Rental Increase Achievable After Renovations
- Located 5 Blocks to the Damen Brown Line CTA Station & Steps to the New Mariano's
- 3 Minutes Walking Distance to the Ravenswood Metra Train Station