Essex Realty Group, Inc. is pleased to announce the sale of 822 West Wrightwood Avenue, located in Chicago’s highly sought after Lincoln Park neighborhood. This rare, once in a generation opportunity features 13 large one bedroom apartments which have gorgeous hardwood floors, a mixture of stainless steel and white kitchen appliances, radiator heating and fantastic natural light. Recent capital improvements include: newer plumbing, electrical wiring, windows & porches.
Although the property has been meticulously maintained by its long term owners, the buyer was attracted to the option to make updates to kitchens & baths, add individual HVAC and in-unit laundry to increase rents substantially, or to continue to operate the property as-is in this premium location. The basements feature 11′ ceilings so it may be possible to create duplex-down first floor apartments or add additional apartments if Chicago’s proposed ADU ordinance passes. Essex successfully conducted over 13 tours and generated multiple offers from qualified buyers.
Chicago’s Lincoln Park neighborhood is one of the best known and most historically significant areas in the city. Located 3.15 miles north of the Loop with Lake Michigan to the east and the Chicago River to the west, Lincoln Park has experienced significant growth over the last few decades. Its proximity to the City’s central business district combined with convenient access to public transportation and lakefront has led to substantial residential and retail growth, transforming the community into one of Chicago’s most desired areas in which to live.
Lincoln Park boasts several attractions including the Lincoln Park Zoo, the Chicago History Museum, and most notably, Lincoln Park, Chicago’s largest public park. Magnificent architecture, charming boutiques, and a vibrant restaurant and bar scene appeal to residents, students and tourists alike. DePaul University is located in the heart of Lincoln Park and boasts a population of over 25,000 students. The university’s presence coupled with Lincoln Park’s appeal to younger residents creates substantial demand for rental housing in the area.
- 13 Extra Large One Bed Apartments
- Meticulously Maintained by Same Owner Since 1977
- Conducted 13 Tours & Received Multiple Offers from Qualified Buyers
- Recent Capital Improvements Include Newer Plumbing, Electrical Wiring, Windows & Porches