Essex Realty Group, Inc. is pleased to announce the sale of 5045 N. Northwest Hwy., a 12-unit walk-up building located near the intersection of Northwest Highway and Milwaukee Avenue in the Jefferson Park neighborhood of Chicago, immediately across the street from the Jefferson Park Metra Station. This 12-unit apartment building presented the opportunity to acquire a well-positioned apartment building in an irreplaceable location with stable cash flow and additional upside. The apartment units were all 2 bed / 2 bath units and seven had been recently renovated to condo-like finishes. During the marketing process, Essex generated 13 showings and multiple offers to purchase the property.
5045 N. Northwest Hwy. is conveniently located next to three major transit stations. Jefferson Park Metra Station is immediately across the street, while the Jefferson Park Transit Center and CTA Blue Line Station are within walking distance to the property. The Jefferson Park Transit Center has recently undergone a $25 million renovation, which includes improvements to the metra, transit hub, blue line, and central bus depot. Furthermore, the property is situated along Northwest Highway, which is directly off Milwaukee Avenue. Along Milwaukee Avenue is an abundance of restaurants, shops, and parks. Some of the best restaurants include Gorilla Sushi and Elly’s on Milwaukee, among many others.
- Essex Successfully Generated 13 Tours and 4 Offers
- Prime Jefferson Park Location
- 12-Unit Walk-Up Apartment Building
- High-Quality Newer Construction
- Directly Across the Street from Jefferson Park Metra Station