Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1402 North Maplewood Avenue, located in Chicago’s popular West Bucktown neighborhood. This beautiful greystone includes four 2 bed/1 bath and two 3 bed/1 bath apartments. Three of the units have been updated with new kitchens & baths while maintaining vintage detailing. These units feature beautiful hardwood flooring, stainless steel appliances, granite/laminate counters with subway tile backsplash, individual HVAC, in-unit laundry, rear decks and a shared back patio. An investor may further improve upon the property by updating kitchens and baths in the remaining 3 units, and installing laundry into the remaining 2 apartments.
The property is situated on the southeast corner of Maplewood Avenue and Hirsch Street, only 5 blocks east of popular Humboldt Park, a 197-acre park featuring a historic lagoon & boat house, a large field house, and countless playgrounds and sports fields. 1402 N Maplewood is conveniently located less than a mile to both the Damen & Western Blue Line L Stations, as well as numerous bus stops, offering tenants great public transportation options. The property sits in a prime location between the Bucktown, Wicker Park & Humboldt Park communities, which include an endless choice of trendy restaurants, local bars and entertainment options, making this an excellent opportunity that does not come available often.
Bucktown is defined by the North Branch of the Chicago River to its east, Bloomingdale Avenue to the south, Diversey Parkway to its north, and Western/Milwaukee Avenue to its west. In addition, the Kennedy Expressway (I-94) runs through the middle of the neighborhood, giving residents easy access to downtown and the Chicagoland area suburbs. 1402 N Maplewood is nestled between the Bucktown, Wicker Park & Humboldt Park communities, offering numerous pockets of shopping, dining and entertainment options.
The property is located on the west side of Maplewood Avenue, just north of Hirsch Street, and only 5 blocks to the ever-popular Humboldt Park and The Bloomingdale Trail (“The 606”), providing residents with a multitude of indoor and outdoor activity options. 1402 N Maplewood is also conveniently located less one mile to both the Western & Damen Blue Line L Stations, and in close proximity to numerous bus stops.
- Oversized 3 Bedrooms in Front Tier; 2 Bedrooms in Rear with Great Light & Ideal Layouts
- All Units Have Individual HVAC
- 3 of 6 Units Rehabbed Including In-Unit W/D + 4th Apartment with In-Unit W/D
- 10.6 x Current Income; 9.8 x Stabilized Income
- Significant Rental Increase Achievable After Renovations
- Short Walk to Humboldt Park
- Walkable Distance to Western & Damen CTA Stations