UNDER CONTRACT – MULTI-FAMILY
2313 North Albany Avenue Chicago, IL 60647
NEIGHBORHOOD
Logan Square
PRICE
Call for details
NUMBER OF UNITS
9
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 2313 North Albany Avenue, located in Chicago’s popular Logan Square neighborhood. The property includes 9 spacious 1 bed/1 bath and 2 bed/1 bath apartments. The apartments are all extremely well laid-out and feature hardwood floors, white kitchen appliances, laminate countertops, oak cabinetry, plentiful closet space, back decks, separate gas-forced heat and shared laundry in the basement. An opportunity exists for an investor to further improve upon the property by upgrading kitchens and baths, and adding washers & dryers to each unit. These improvements would allow for current rents to be raised to market levels in a great neighborhood with a large and consistent rental market.

The property is situated on the southeast corner of Albany Avenue and Medill Avenue, only 3 blocks north of popular Palmer Square Park, and is conveniently located a half mile from both the Logan & California Blue line L stops. Quick access to both CTA Stations, as well as numerous bus stops offers tenants excellent public transportation options. 2313 North Albany sits in a prime location of Logan Square as the property is close to an endless choice of charming restaurants, local bars and entertainment options, making this an excellent opportunity that does not come available often.

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 and popular new 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 southeast corner of Medill Avenue and Albany Avenue, only three blocks north to ever-popular Palmer Square Park. Nearby is Kedzie 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. The property is also located a ½ mile from both the Logan Square & California Blue Line CTA Stations, and in close proximity to numerous bus stops.

HIGHLIGHTS
  • Long Term Owner; Under Market Rents
  • Spacious 1 & 2 Bedroom Apartments with Great Layouts
  • Individual Furnaces in Each Unit
  • Significant Rental Increase Achievable After Renovations
  • Prime Logan Square Location 3 Blocks from Palmer Square
  • Located 1/2 Mile from the California & Logan Square CTA Stations
  • Property Tours Available on April 22nd & 23rd
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922