Essex Realty Group, Inc. has been exclusively engaged to market for sale 5452-5454 N. Campbell Ave., a three-story building consisting of seven (7) apartments. The property is located in the Budlong Woods neighborhood within Chicago’s highly desirable Lincoln Square community.

5452-5454 N. Campbell Ave. has seven (7) units with a unit mix of six (6) two-bedrooms and one (1) one-bedroom apartment. Ownership completed a gut-renovation to the building in 2014, which included replacing all galvanized plumbing with copper, running new electric to and in all units, increasing electric service to 400 Amps, refinishing hardwood floors, installing modern kitchens and baths, and replacing all windows. Tenants at each property have access to coin-operated laundry and secured storage lockers in the basement.

Investors have the opportunity to acquire a fully occupied, turn-key property in a 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 by adding in-unit laundry and raising rents accordingly.

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• Gut Renovated in 2014
• Six 2Bd/1Ba Units and One 1Bd/1Ba
• Ability to Increase Rents $100-$200 "as-is"
• Large Units with Convenient Space to Add In-Unit Laundry