Essex Realty Group, Inc. has been exclusively engaged to market for sale 7441-45 N. Ridge Blvd., a 16-unit walk-up apartment building located in Chicago’s Rogers Park neighborhood. All apartments offer attractive floor plans with hardwood floors, large bedrooms and separate dining rooms. In addition, all layouts allow for easy conversion to two-bedroom apartments. The building offers one private storage unit per apartment and includes four (4) unused garage parking spaces.
The property is situated on the east side of Ridge Boulevard, just south of Howard Street, and is located within walking distance to several well-known Chicago destinations such as Ward Eight, Peckish Pig and Buffalo Joe’s. In addition, the property is located within close proximity to multiple CTA bus stops along Howard Avenue, Western Avenue and Clark Street.
- Beautiful Vintage 16-Unit Walk-Up
- Significant Value-Add
- Current Cap 5.85% / 7.73% Stabilized Cap Rate
- Current GRM 9.54 / 7.60 Stabilized GRM