Essex Realty Group, Inc. is pleased to announce the sale of 6928 N. Wayne Ave., a 50-unit corridor-style apartment building in Chicago’s North Side neighborhood of Rogers Park.
The property, known as Wayne Senior Apartments, is 100% rented to residents 55 years or older, whose income is at or below 60% of the area’s median income. The property is comprised of thirty-two (32) studios, and eighteen (18) one-bed/one-bath apartments and also includes a thirty (30) space parking lot. In recent years many of the units have received kitchen and bathroom updates.
6928 N. Wayne Ave. is ideally located just one block away from the Morse CTA station, the Morse Avenue bus stop, and just 0.4 miles from Lake Michigan. The building is also located 0.7 miles north of Loyola University’s Lake Shore Campus.
Rogers Park is Chicago’s northern-most lakefront neighborhood. Spanning from Devon Avenue to Howard Street, Rogers
Park is serviced by multiple train and bus stops. A dynamic culture exists throughout the neighborhood, and the community focuses on supporting local businesses, revitalizing public spaces and supporting local artists. This is evidenced by murals pained along the L stations throughout the neighborhood. Additionally, Rogers Park is home to the Glenwood Avenue Arts District and Jarvis Square which boasts a plethora of studio spaces, galleries, coffee shops, and bar and dining options.
6928 N. Wayne Ave. is within proximity to a variety of retail and restaurant options along Morse Avenue and Sheridan Road. Additionally, residents are within 300 feet of the Morse CTA train station, and approximately 0.4 miles away from Loyola Beach, Loyola Park and Lake Michigan. The property is also within 0.7 miles of Loyola University’s main Lake Shore campus.
- Under Contract In Less Than Two Weeks
- Sold Within 98% of List Price
- Sold For First Time In Over 20 Years
- Well-Maintained Corridor Apartment Building
- Thirty (30) Surface Parking Spaces
- Ideally Located Just One Block From Morse CTA