Essex Realty Group, Inc. is pleased to announce the sale of 5220-22 N. Christiana Ave., a center-entrance 6-unit apartment building located in Chicago’s North Park neighborhood.
The property had been under the same ownership for more than 20 years, providing investors the opportunity to acquire a rarely available asset located within less than a two-block radius of North Park and Northeastern Illinois University.
The Subject Property consists of six (6) large 2 Bed/1 Bath units featuring a separate front living room and middle dining room. Each unit features hardwood floors, laminate countertops, white appliances, boiler heat and window air-conditioning, as well as access to a private backyard. Notably, a non-conforming 7th unit is currently being constructed in one of the property’s two basements.
Essex’s effective marketing campaign led to sixteen (16) showings and eight (8) offers. Thanks to this high level of interest, the property was listed and sold within a month.
North Park Neighborhood
- 16 Showings (All Scheduled Within 72-Hours of Listing)
- 8 Competitive Offers
- Just One Month Between Listing and Closing
- Center-Entrance 6-Unit Brick Building with Basements
- Blocks From Both North Park & Northeastern Illinois University
- Significant Value-Add Opportunity in Apartments