Essex Realty Group, Inc. has been exclusively engaged to market for sale 5701 W 55th Street, a 6-unit apartment property located in Chicago’s Garfield Ridge neighborhood. The building consists of (1) 1Bd/1Ba and (5) 2Bd/1Ba units.
The property had multiple capital improvements done in 2015 by the Midway Residential Sound Insulation Program including a brand new roof, windows and exterior doors. All but one unit has been gut rehabbed with newer countertops, kitchen cabinets, vinyl hardwood floors, newer bathroom vanities and shower tiling. The building features radiant heat, a newer water heater (approximately 2014), on-site laundry, and five income producing garage spaces.
Investors have the opportunity to acquire a well performing asset in a high transit location.
Located about 12 miles southwest of downtown Chicago, the neighborhood of Garfield Ridge encompasses just over five and a half square miles and is bordered by Clearing to the north, Archer Heights to the east, West Lawn to the south, and Summit to the west. Garfield Ridge is a primarily residential neighborhood that offers a diverse mix of housing options, including single-family homes, townhouses, and apartments.
The neighborhood is conveniently located near the Stevenson Expressway making it easy to commute to and from work or travel to nearby attractions. In addition, it is very close to Chicago’s Midway International Airport, which provides easy access to both domestic and international destinations.
- Fully Occupied Property in Desirable Garfield Ridge Neighborhood
- Recent Capital Improvements Include New Windows, Roof, and Doors (2015)
- Five Income Producing Garage Spaces
- Condo Quality Units
- On-Site Laundry