Essex Realty Group, Inc. has been exclusively engaged to market for sale 5428-5430 N. Campbell Ave. a center-entrance, eight (8) unit apartment building. The property is located in the Budlong Woods neighborhood within Chicago’s highly desirable Lincoln Square community.

5428-5430 N. Campbell Ave. has a unit mix of six (6) two bedrooms, one (1) one bedroom, and one (1) studio apartment. The 2010 renovation of the building included installing a new steam boiler, new electric wiring throughout, increased electrical service, and the replacement of nearly all galvanized plumbing with copper. Units feature hardwood floors, modern kitchens and baths, and high ceilings. Tenants at each property have access to coin-operated laundry and secured storage lockers in the basement. In addition, there are four (4) surface parking spaces.

Investors have the chance to acquire a fully occupied, turn-key property located in the rapidly appreciating, low-density pocket of Budlong Woods. While the property generates strong cash flow as-is, rental market trends are showing a willingness from renters to pay more for certain amenities; thus, there exists a value-add opportunity through cosmetic updates to the kitchens and adding in-unit laundry.

The Subject Property is located in the Budlong Woods neighborhood within Chicago’s desirable Lincoln Square community. Lincoln Square is located approximately 10 miles north of downtown Chicago. The area is made up of several smaller neighborhoods including Ravenswood Gardens, Bowmanville, Budlong Woods, and Rosehill Cemetery. This distinct community provides residents and visitors with a cross between a diverse city district and a welcoming, residential neighborhood. The area centers around the physical Lincoln Square, where Lincoln Avenue is filled with locally-owned restaurants, independent boutiques, cafes, and bars. The community also boasts several town squares and parks throughout its borders, including River Park, Winnemac Park, and Welles Park among others.

• 2010 Renovation Including Cosmetics in Unit, New Electric and New Plumbing
• Six (6) 2Bd/1Ba, One (1) 1Bd/1Ba, and One Studio Apartment
• Value-Add Potential in Adding In-Unit Laundry
• Low-Maintenance Investment Opportunity
• Close Proximity to Public Transportation