ON MARKET – MULTI-FAMILY
2834 West Fullerton Avenue/2406-2408 West Mozart Street Chicago, IL 60647
NEIGHBORHOOD
Logan Square
PRICE
$2,150,000
NUMBER OF UNITS
9
CAP RATE
4.35%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged by a long-term out of state owner to market for sale, 2834 West Fullerton Avenue/2406-2408 West Mozart Street, located immediately across the street from the Wintrust Bank branch in Chicago’s popular Logan Square neighborhood. The property includes spacious 2 bed/1 bath and 3 bed/1 bath units with one ground level commercial space, currently occupied by a barber shop. The apartments feature hardwood floors, white or stainless steel kitchen appliances, oak cabinetry, individual furnaces, shared laundry and storage units in the basement. Most of the units include A/C.

The property is situated on the corner of Fullerton Avenue and Mozart Street, and is conveniently located less than 1 mile from both the California & Logan Square Blue Line CTA Stations. 2834 W Fullerton/2406-2408 W Mozart sits in a prime location of Logan Square as the property is close to public transportation, as well as an endless number of restaurants, bars and entertainment options. An opportunity exists for an investor to further improve upon the property by upgrading kitchens and baths, and adding in-unit laundry to each unit.

LOCATION DETAILS

RICH HISTORY: Logan Square is located approx. 3 miles northwest of Chicago’s Loop. In the past few years, the area has enjoyed booming growth in population and popularity with Chicago’s residents, as evidenced by the opening of a variety of new retail developments, bars and restaurants. Known for its historical architecture, scenic boulevards, and expansive parks, Logan Square is regularly regarded as one of Chicago’s most sought-after neighborhoods.

PRIME LOCATION: The property is located on the northwest corner of Fullerton Avenue and Mozart Street, a short distance to Logan Boulevard, a beautiful tree lined linear historic district in Logan Square that is part of the National Register of Historic Places and named a Chicago Landmark. 2834 W Fullerton/2406-2408 W Mozart is located less than 1 mile from both the California and Logan Square Blue Line CTA Stations, and in close proximity to numerous bus stops.

HIGHLIGHTS
  • Spacious 2 & 3 Bedroom Apartments
  • All Units Include Individual Heat
  • Meticulously Maintained by Long-Term Owner
  • Significant Rental Increase Achievable After Renovations
  • Commercial Space Occupied by Same Tenant Since 2011
  • Located Less Than One Mile from the California & Logan Square CTA Stations
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922