Essex Realty Group, Inc. is pleased to announce the sale of 1806 N. Paulina St., an extra-large 5-unit multi-family property in the heart of Chicago’s highly sought-after Bucktown neighborhood. The Subject Property offers an attractive unit mix with large apartment layouts. Further, the property was gut-rehabbed in 2019 to include many property improvements. Each unit features hardwood floors, stainless steel appliances, quartz countertops, dishwasher, built-in microwave, and in-unit laundry.
The Subject Property is situated on the west side of Paulina Street, just steps from North Avenue and in the heart of Bucktown with access to an abundance of retail and restaurant options. The property is also located just steps from The Bloomingdale Trail, most commonly known as The 606 – a unique biking, running, walking trail connecting some of Chicago’s best parks. Lastly, the property is also located within walking distance to both the Clybourn Metra Station and the Damen CTA Blue Line Station.
Essex led an extensive marketing campaign resulting in 25+ property tours and several competitive offers.
Bucktown, one of Chicago’s most recognizable neighborhoods, is located north of Wicker Park and just west of Lincoln Park. It’s proximity to the City’s central business district combined with convenient access to public transportation has led to substantial residential and retail growth, transforming the neighborhood into one of the best locations to live in Chicago. The neighborhood is filled with local restaurants, boutiques and small businesses and is seeing more and more major national tenants move in each year making it a trendy, and highly desirable location for renters and buyers alike. Additionally, this property is located steps from The 606, arguably Chicago’s most unique biking, running, walking trail connecting some of Chicago’s best neighborhood parks.
The Subject Property is located in the south east pocket of Bucktown, a particularly residential pocket known for having one of the strongest rental markets in the area. The property benefits from having low vacancy rates, rising rents, and close proximity to public transportation and main thoroughfares. Within the last decade, Bucktown has seen tremendous growth. Residents are just blocks away from a commercial district filled with both mom-and-pop styled restaurants and brand name retailers.
- Prime Bucktown Location Along The 606
- Attractive Unit Mix: (1) 2 Bd/1 Ba, (2) 3 Bd/1 Ba, (1) 3 Bd/2 Ba, (1) 5 Bd/2 Ba - DU
- Gut Rehabbed Property with As-Is Rental Upside
- Great for Traditional Multi-Family Investor or Live-In Owner
- Steps to Clybourn Metra Station and Damen CTA Blue Line Station