Essex Realty Group is pleased to announce the sale of 5154 N Clark Street, a vintage 91-unit mixed-use asset at the prominent corner of Clark, Foster, and Ashland in the heart of Chicago’s Andersonville neighborhood. Spanning a full city block, the property comprises 81 residential units (43,800 SF) and 10 first-floor retail and restaurant storefronts (20,000 SF).

Brought to market for the first time in over 40 years, the property had been very well maintained by long-term ownership, with recent capital improvements including new electric service, a modernized elevator system, and newer windows and boiler.

Buyers were attracted by the rare combination of scale, a genuinely irreplaceable corner, and significant embedded upside: in-place residential rents were well below market with little-to-no rehab required, and all retail tenants were on below-market gross leases.

Essex’s marketing campaign generated 25+ tours & multiple offers, and the firm’s extensive buyer network was instrumental in bringing the transaction to a successful close.

Andersonville stands as one of Chicago’s most coveted and tightly held North Side neighborhoods, occupying the southwest quadrant of the Edgewater community area and centered on a vibrant Clark Street corridor that has earned the area its reputation as the city’s “shop local capital,” home to one of the densest concentrations of independent restaurants, boutiques, and bars in Chicago.

Rooted in a celebrated Swedish heritage and recognized today as one of the city’s most diverse and inclusive communities, the neighborhood pairs historic low-rise architecture and tree-lined residential streets with an educated, renter-by-choice population of roughly 20,700 residents, a median age of 37, a median household income near $68,600, and a college-attainment rate around 60 percent. Its appeal is reinforced by exceptional connectivity, anchored by three CTA Red Line stations at Berwyn, Bryn Mawr, and Argyle that were completely rebuilt and reopened in July 2025 as part of the $2.1 billion Red and Purple Modernization program, delivering brand-new, fully accessible stations with a direct ride to downtown, complemented by nearby Metra service and proximity to major institutional anchors such as Loyola University and the Edgewater medical corridor.

Andersonville offers investors a rare combination of irreplaceable location, new transit infrastructure, and durable rental demand that together make it one of Chicago’s most resilient and desirable multifamily submarkets.

• Irreplaceable Full-Block Corner At Clark, Foster, And Ashland In The Heart Of Andersonville
• Eighty-One (81) Apartments (43,800 SF) And Ten (10) Retail Spaces (20,000 SF)
• Residential Rents Well Below Market With Little-To-No Rehab Required
• First Time Available In Over 40 Years, Well Maintained With Newer Mechanicals
• Transit-Oriented Location Within A Half Mile Of Three Newly Rebuilt CTA Red Line Stations
• Steps To Andersonville’s Restaurants, Bars, And Shopping