ON MARKET – MULTI-FAMILY
750 West North Avenue Chicago, IL 60614
PRICE
$5,750,000
NUMBER OF UNITS
94
CAP RATE
0%
PROPERTY LISTED

UNIQUE OPPORTUNITY: Essex Realty Group, Inc. has been exclusively engaged to market for sale 750 West North Avenue, a mixed-use development opportunity situated on the border of Lincoln Park and Old Town and just one mile west of Chicago’s beautiful lakefront. This unique opportunity features fully entitled plans for an approx. 72,718 SF building featuring 94 units on North Avenue, just east of Halsted Street. The lot size is approx. 11,002 SF and currently entitled as Planned Development 1416. The development renderings include 2 retail spaces, 92 apartment units, a fitness center, rooftop terrace and 10 car garage.

AMAZING LOCATION: The subject parcel sits in a prime location across the street from the North/Clybourn Red Line CTA Station and within 1/2 mile from the Sedgwick CTA Station with access to the Brown & Purple lines. This close proximity to public transit qualifies it for transit oriented development incentives. The subject parcel is also surrounded by a wide array of shopping and dining options, from local boutiques and cafes, to national big box retailers and restaurant chains.

LOCATION DETAILS

PRIME LOCATION: The property is located on the north side of North Avenue, just east of Halsted Street, and on the border of Chicago’s Lincoln Park and Old Town neighborhoods. The property is also conveniently located across the street from the North/Clybourn Red Line CTA Station and in close proximity to numerous bus stops and Divvy Bike stations.

SHOPPING: 750 West North Avenue is within close proximity to an array of shopping and dining options on Halsted Street, Armitage Avenue and North Avenue as well as the national big box retailers at North & Sheffield Commons and New City.

NEW DEVELOPMENTS: The property is surrounded by a number of new and planned developments. Sterling Bay’s highly anticipated mega development Lincoln Yards is situated just south west of the property. To the east is the redevelopment of Father & Son Plaza strip mall which will feature a 261 unit 11 story apartment complex.

HIGHLIGHTS
  • Fully Entitled TOD Opportunity
  • Mixed-Use Property - 92 Apartments & 2 Retail Spaces
  • Amazing North Avenue Location Bordering Lincoln Park & Old Town
  • Across the Street from the North/Clybourn Red Line CTA Station and 1/2 Mile from the Sedgwick Station
  • Planned Amenities Include a Fitness Center & Rooftop Terrace
  • Extensive Architectural Plans & Due Diligence Available for Review - http://properties.essexrealtygroup.com/750WestNorth
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922