Essex Realty Group Inc., is pleased to exclusively engage to market for sale
6348-6352 S. Ada Street, a thirteen (13) unit property in the Englewood neighborhood of Chicago. Built in 1911, Ada has been greatly taken care of. From the electrical to the roof, there are signs of great care and maintenance. This property is nestled in a quiet residential block and sits right on a children’s park; Ogden Park.
The subject property is comprised of eight (8) 2 Bed 1 Bath units and five (5) 1 bed 1 bath units. Each unit includes radiator heat, eat-in kitchens and spacious living rooms. There is a value-add opportunity to update the kitchen countertops, bathroom vanities, and common areas. There currently is not a laundry facility on site, but that too can be added for additional income. There is parking available to be monetized. Investors walk into the deal day one with an excellent value-add opportunity and the ability to start increasing rents.
The Englewood neighborhood is up and coming with numerous developments occuring more frequently than ever. Less than a mile away from the subject property is a recently revamped shopping hub. This hub includes grocery stores such as Whole Foods & Aldi, a Walgreens Pharmacy, and coffee shops like Starbucks & Dunkin Donuts to name a few. The property is also situated on Ogden Park, which features playgrounds, tennis courts, swimming pool and other recreationial activities.
- Fully occupied with Subsidized tenants
- Opportunity to raise rents equal to or above market
- Thirteen (13) units with large layouts
- Located on popular Ogden Park
- Newly developed shopping hub down the block