Essex Realty Group, Inc. is pleased to announce the sale of 931-941 W. Carmen Ave., a 63-unit corridor-style, elevator building and an adjacent 51-car parking lot to the east (100′ x 135′, zoned RT-4). The Property is conveniently located two blocks south of Mariano’s, 0.21 miles east of the Argyle CTA Red Line Station, 0.38 miles northeast of the Lawrence CTA Red & Purple Line Station, and 0.39 miles west of Lake Michigan.
The Property is comprised of forty-three (43) studios, eighteen (18) one bed/one-bath units, and a ground-floor management office. The apartments have hardwood and vinyl flooring; kitchens with various finishes; and bathrooms with ceramic tile floors, ceramic tile shower surrounds, and laminate vanities with fiberglass tops. The property is equipped with passenger and freight elevator service, a Weil-McClain boiler, a hot water heater plus storage tank, and communal coin-operated laundry.
Given the evolution of the Uptown neighborhood; the property’s close proximity to the Lake and to public transportation; and the older apartment finishes, the property is ideally situated for a value add strategy.
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- Rarely Available Building - Owned 20+ Years
- 61 Apartments With Ability To Add 2 Legal Units Per FOIA
- 135 x 100 SF Lot Contains 51 Parking Spaces
- Premier Location Near Lake Michigan, CTA 'L' Station, & Mariano's
- Situated Within North ADU Pilot Zone
- Muliple Tours and Offers Within 2.5 Weeks