Essex Realty Group, Inc. is pleased to announce the sale of 1010 N. Wood St., an extra-large 5-Unit multi-family property in the highly sought-after neighborhood of East Ukrainian Village. The subject property offers an attractive unit mix with large apartment layouts accompanied by two (2) heated garage parking spaces. The property has been under the same ownership for 20+ years, providing investors with the opportunity to acquire a rarely available asset. Further, the property has received extensive capital improvements that include many in-unit improvements, as well as a new roof on the front building, refinished decks and a built-in pergola on the private rooftop.
The building consists of two (2) 2 Bd/1 Ba units, one (1) 2 Bd/2 Ba duplex-down unit, one (1) 2 Bd/2 Ba duplex-up unit with private rooftop deck access and one (1) 4 Bd/3 Ba duplex-up penthouse unit. Each unit features condo-quality finishes, granite countertops, in-unit laundry, exposed brick in select units, built-in microwave and dishwasher.
The subject property is situated in a premier pocket of East Ukrainian Village, located on a quiet tree-lined street, steps from the Division commercial corridor with access to an abundance of retail and restaurant options. The property is also located just steps from the Division CTA Blue Line Station.
The buyer, a local investor, was attracted to the location and spaciousness of the three extra-large duplexed units. After an extensive marketing campaign, Essex received multiple offers and placed the property under contract within four weeks.
The West Town neighborhood of Chicago is located a few miles west of Chicago’s Loop and offers views of Chicago’s skyline from most parts of the neighborhood. West Town benefits by being comprised of several neighborhoods whose residents have all brought a rich history. Neighborhoods within West Town include East Village, Eckhart Park, portions of Humboldt Park, Noble Square, portions of River West, Smith Park, Ukrainian Village, and Wicker Park.
Today, West Town is rapidly changing and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, independent theaters, quaint coffee shops, and a booming restaurant and nightlife scene. 1010 N. Wood St. is located in a premier pocket of East Ukrainian Village, just blocks from the neighborhood’s popular restaurants on Division, Chicago and Ashland as well as close proximity to public transportation.
- Property Sold Within 3% of the Asking Price
- Under Contract within 4 Weeks of Marketing
- Premier East Ukrainian Village Location near Division
- Attractive Unit Mix: (2) 2 Bd/1 Ba, (1) 2 Bd/2 Ba (Duplex-Down), (1) 2 Bd/2 Ba (Duplex-Up) and (1) 4 Bd/3 Ba (Duplex-Up Penthouse)
- Great for Live-In Owner (3 potential owner’s units)
- Meticulously-Maintained Property W/ Extensive Capital Improvements
- Property Includes 2-Car Attached Garage, Rooftop Deck W/ Built-In Pergola and Refinished Decks
- Steps from Division Commercial Corridor and Division CTA Blue Line Station