Essex Realty Group, Inc. is proud to exclusively offer for sale 738 N. May St., a 6-unit building located in West Town. The Subject Property was gut-rehabbed in 2011 and consists of one (1) 1Bd/1Ba and five (5) 2Bd/1Ba apartments.
738 N. May St. is conveniently located near a variety of restaurants, bars, and public transportation options. The building is located in a rapidly growing area steps from the Chicago CTA Blue line station. The Subject Property’s location near the Chicago, Ogden, and Milwaukee Avenue intersection provides easy access to multiple CTA bus routes and close proximity to the I-90/94 expressway.
738 N. May St. presents a buyer with the opportunity to acquire a turnkey asset in a highly desirable, up and coming neighborhood. Moreover, in place rents are approximately $100/month below market, equating to an additional $5,400 in annual income without material upgrades.
- Opportunity to acquire a turnkey asset in an up and coming neighborhood
- Fully renovated in 2011. Renovation included new drywall, electric, plumbing, windows, individual HVAC, & individual hot water heaters
- Units feature high-end finishes including S/S appliances, updated baths, & granite countertops
- (1) 1Bd/1Ba and (5) 2Bd/1Ba apartments with rental upside
- Steps from Chicago, Ogden & Milwaukee Avenue intersection and Chicago CTA Blue line station