Essex Realty Group, Inc. is pleased to announce the sale of 7131-7133 N. Ridge Blvd., a twenty-two-unit, mixed-use, apartment building located on the corner of Ridge Boulevard and Touhy Avenue in the Rogers Park neighborhood of Chicago, Illinois.
The property is comprised of two (2) commercial spaces, two (2) studio units, eight (8) one-bed/one-bath units, and ten (10) two-bed/one-bath units. Each unit features radiator heat, hardwood floors, white kitchen appliances, laminate countertops, and shared on-site laundry. The property provides an investor with the opportunity to significantly increase rents by making modest cosmetic updates to unit interiors.
7131-7133 N. Ridge Blvd. is conveniently located steps from multiple bus routes along Touhy and Rogers Avenues. The Rogers Park UP-N Metra station is only 0.5 miles from the Subject Property, providing residents with easy access throughout Chicago. In addition, neighborhood residents enjoy a variety of bar and restaurant options, boutiques, and parks.
The lakefront community, Rogers Park, is Chicago’s northern-most 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.
7131-7133 N. Ridge Blvd. is conveniently located steps from multiple bus routes along Touhy Avenue and Rogers Avenue. Residents benefit from the immediate proximity to retaurants, entertainment, shopping, and transportation. The property is located 0.5 miles from the Rogers Park UP-N Metra Station and 0.8 miles from the Jarvis Red Line Station, providing tenants easy access throughout Chicagoland.
- Below Market Rents
- Property Provides an Investor with the Opportunity to Significantly Increase Rents by Making Modest Cosmetic Updates to Unit Interiors
- Unit Mix Comprised of: Two (2) Commercial Spaces, Two (2) Studio Units, Eight (8) One-Bed/One-Bath Units, and Ten (10) Two-Bed/One-Bath Units