ON MARKET – MULTI-FAMILY
2827-47 N. Clybourn Ave. Chicago, IL 60618
NEIGHBORHOOD
Roscoe Village
PRICE
Subject To Offer
NUMBER OF UNITS
36
CAP RATE
5.23%
PROPERTY LISTED

Essex Realty Group, Inc. is exclusively engaged to market for sale 2827-47 N. Clybourn Ave., located in the highly desirable Roscoe Village neighborhood of Chicago, Illinois.

The subject property is a new construction, thirty-six (36) unit boutique-style building that features thirty luxury two-bedroom apartments and commercial units near the corner of Clybourn Ave. and Diversey Pkwy. Delivered to the market in 2020, the property was extremely well constructed with expansive layouts and tasteful design. All the apartments have expansive living areas with floor-to-ceiling soundproof windows, hardwood floors throughout, and private walkout balconies. The kitchens feature an open floorplan with custom cabinetry, tile backsplash, quartz countertops and include a high-end stainless-steel appliance package.

All units have individual HVAC units, hot water tanks, and in-unit laundry. Building amenities for the tenants include a private fitness center, individual/private rooftop lounge space, and bike and storage rooms. The building features a thirty-four (34) car heated parking garage, and there are twelve (12) additional exterior parking spaces for the commercial units.

The first level of the building is comprised of commercial spaces, common areas for tenants, bike storage, and a heated indoor parking garage. The commercial spaces are currently used for a fitness center, private offices, and retail storefronts. A potential investor has the opportunity to acquire a phenomenal new construction asset with significant rent upside in the ever-growing community of Roscoe Village, bordered by the neighborhoods of Lakeview and Bucktown

LOCATION DETAILS

Situated between Lakeview, North Center, and Bucktown, Roscoe Village is a charming north side neighborhood of Chicago. Commonly referred to as the “village within the city”, Roscoe Village is home to independent shops, taverns, and cafes that roll into the streets during the summer months; creating a small-town feeling in one of the countries largest cities. Apart from the current wonders of the neighborhood, Roscoe Village has a deep history. In 1903 the Riverview Park opened its doors to the public making it the largest amusement park in the world. That idea of joy and excitement remains true to this quaint north side neighborhood.

The subject property is situated near the southwest border of Roscoe Village and Bucktown. Neighbored by a combination of new condo buildings, residential apartments, and retail corridors, the tenants at 2827-48 N Clybourn are nestled into their own little community. Residents are steps away from major retailers such as Starbucks, Jewel-Osco, CVS, as well as unique independent destinations like Hexe Coffee Co. Stepping away from the brick and mortar, Fellger Playlot Park, and Hamlin Park are wonderful locations for people to enjoy the great outdoors. The diverse qualities of Roscoe Village make it an area of Chicago that many people are pleased to call home.

HIGHLIGHTS
  • Trophy Asset in the Highly Desirable Roscoe Village Neighborhood
  • New Construction, Boutique Style Apartment Complex
  • Ultra Luxury 2 Bed / 2 Bath Apartment Layouts (Balcony & Private Rooftop Space)
  • Intelligently Designed Interiors with Modern Amenities & Fitness Center
  • 34 Car Heated Parking Garage & 12 Outdoor Parking Spaces
  • Unique Retail and Co-Work Office Spaces
  • Current Rents are Significantly Below Market
LISTING BROKERS
Steven Livaditis
Principal
773.305.4840
Jacob Goldstein
Director
773.305.4896