659 W. Aldine Ave. Chicago, IL 60657
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Essex Realty Group, Inc. is proud to exclusively market for sale 659 W. Aldine Avenue in Chicago, Illinois. The subject property is a nine (9) unit condominium building located in the premier East Lakeview neighborhood on Chicago’s North-side. Essex has been engaged to represent the 659 W. Aldine association in the sale of all the condominium units allowing a buyer to potentially de-convert the association and operate the property as an apartment building after acquisition.

The subject property is a three-story, brick building constructed in 1970. The unit mix consists of one (1) studio unit located on the ground floor, six (6) large one-bedroom units, and two (2) extra-large one-bedroom units. Most of the units have received modern updates throughout the years with finishes that slightly vary by unit. These updates may include granite countertops, quality cabinetry, stainless steel appliances, and dishwashers.


The subject property is conveniently located in the heart of the East Lakeview neighborhood on Chicago’s North-side. East Lakeview is one of Chicago’s most prestigious neighborhoods and sits adjacent to Lake Michigan. The neighborhood has a rich history and was one of the first areas to prosper as Chicago developed.

The property sits on a quiet, tree-lined street surrounded by vintage apartment and condominium buildings. The neighboring blocks are similar to the 600 block of Aldine Avenue but are also comprised of two-flats, victorian homes, and newly developed single family homes. The immediate pocket where the subject property is located is a very tenant-friendly area where many residents can enjoy the great qualities the neighborhood has to offer.

Lakeview is one of Chicago’s liveliest and most accessible neighborhoods. Lakeview has a wide variety of taverns, mid-range restaurants, trendy shops, and spectacular night life. The subject property is fittingly positioned in the center of Lakeview on a residential street just east of Broadway Street, one of Lakeview’s most popular commercial stretches. The property is within 8-minute walking distance to the recently developed 73,700-square-foot Mariano’s which is situated directly across from a CVS Pharmacy on Broadway. The development also includes a 44,500-square-foot XSport fitness gym, as well as other retailers including Starbucks and PNC Bank. The Mariano’s development sold for more than $80 million upon completion in 2016 and includes a two-level parking garage with 270 spaces. Broadway is home to many other nearby restaurants ranging from private, mom-and-pop businesses like Crisp, The Bagel, and Dry Hop Brewers; as well as national chains such as Chipotle, Potbelly, and Jimmy John’s. Some major attractions nearby include TimeLine Theater Company, The Playground Theater, Vic Theater, and The Laugh Factory.

The subject property is close to Chicago’s very own Lincoln Park. Lincoln Park is a popular 1,200-acre outdoor development along Lake Michigan. This scenic stretch includes a golf course, dog park, multiple beaches, harbors, and bike trails. Lincoln Park’s beautiful 5.5-mile trail runs all the way from Soldier Field to the South and Evanston to North. Lincoln Park is extremely close to both Belmont and Montrose harbor where many boats are docked and accessed by residents. Lincoln Park includes North Ave beach one of Chicago’s most popular beaches and outdoor summer attractions.

Another major attraction located very close to the subject property is Wrigley field; home of the 2016 World Series Champions Chicago Cubs. The historic stadium has created a culture in the surrounding area that has since become known as Wrigleyville. Wrigleyville is made up of some of Chicago’s most popular attractions with popular restaurants, bars, and nightlife. Located at the northwest corner of Clark and Addison developers have recently revealed plans for an up and coming hotel project called Hotel Zachary expected to open in 2018. The seven story, 238,000-square-foot hotel will feature retail, meeting space, and 175 rooms for guests.

The CTA red, brown, and purple line have a stop in the neighborhood located 8 minutes walking distance west of the subject property on Belmont. The CTA lines pass through the Belmont station frequently and allow residents an easy commute throughout the Chicago land area. Bus lines that are easily accessible to the subject property within walking distance include the 135, 145, 151, 36, and 77. The subject property is just blocks away from Lake Shore Drive. Lake Shore Drive is an expressway running parallel to the shoreline of Lake Michigan and allows quick highway transportation to downtown Chicago. This wide array of available transportation options allows for a relatively easy and convenient commute to downtown Chicago’s business district where many residents travel to for work.

  • Condo Deconversion Sale in East Lakeview
  • Essex Agents Generated Multiple Offers
  • Closed at List Price and within 7 Weeks of Purchase Contract Execution
  • Studio & 1 Bedroom Units w/ Parking
  • Pro Forma 5.64% CAP Rate & 12.19 GRM
  • 1031 Exchange Buyer