CLOSED – MULTI-FAMILY
931-941 W. Carmen Ave. Chicago, IL 60640
NEIGHBORHOOD
Uptown
PRICE
Call for details
NUMBER OF UNITS
63
PROPERTY LISTED

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.

LOCATION DETAILS

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HIGHLIGHTS
  • 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
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Jaimie Steinher
Director
773.305.4916