Essex Realty Group, Inc. is proud to exclusively market for sale 512 W. Belden Avenue in Chicago, Illinois. The subject property is a twenty-six (26) unit condominium building located in the heart of Chicago’s prestigious Lincoln Park neighborhood.
The subject property is a vintage, courtyard building that sits on the Northeast corner of Belden Avenue and Cambridge Avenue. The building has a unit mix comprised of two (2) 1 Bed/1 Bath garden units, twenty-three (23) 1 Bed/1 Bath units, and one (1) 2 Bed/1 Bath unit (which was recently converted from a 1 Bed unit). All of the units have extremely large floorplans and separate dining areas. Some of the layouts provide enough living space to efficiently convert the dining room into a second bedroom. Most of the units have received modern updates throughout the years with finishes slightly varying by unit. These finishes may include hardwood floors, quality cabinetry, granite countertops, and dishwashers. The units combine a mix of beautiful, vintage detail with crown moldings and baseboards. Every condominium is very well maintained and will command market rent immediately upon acquisition.
The subject property is conveniently located in the heart of Chicago’s Lincoln Park neighborhood. Located just north of downtown Chicago with Lake Michigan to the east and the Chicago River to the west, the neighborhood is regularly considered to be one of Chicago’s wealthiest and most affluent communities to live in.
512 W. Belden Ave. sits at the corner of Cambridge and Belden Avenue on a quiet, tree-lined street accompanied by small vintage apartments, condominium buildings, and high-end single family homes. The immediate pocket surrounding the building is primarily residential with two major commercial stretches within a three minute walking distance from the property. One block west of the property, at the intersection of Belden and Lincoln Ave. sits nationally recognized retailers such as Starbucks, Chipotle, and Potbelly. One block east of the building is Clark Street which is overwhelmed with cafes, restaurants, bakeries, and popular nightlife destinations. Additionally, the property is one block from Francis W. Parker School which is perhaps one of the most reputable private schools in Chicago.
- Condo Deconversion Sale
- Purchaser Acquired The Entire Building (26 Condos)
- 25+ Property Tours Within 3 Weeks Of Marketing
- Essex Had Procured Multiple Offers From Qualified Local & National Investors
- The Property Closed To A Repeat Client With Virtually No Contingencies