Essex Realty Group, Inc. is pleased to announce the sale of 916 W. Willow Street, a 4-unit apartment building located in Chicago’s popular Lincoln Park neighborhood. In 2015 Essex sold the property to the current seller for a price of approximately $1.1 million. At the time, 916 W. Willow presented the buyer with a value-add opportunity with out-of-date finishes. A number of potential buyers also sought to convert the property into a single-family home. After renovations to both the building mechanical systems and the interior of the units, the seller, a local investor, was able to transform the property into a turn-key, stabilized property.
The Property is comprised of three (3) 2Bd/2Ba units, one (1) 2Bd/2Ba-GDN unit, and a 2-car garage. Each unit features hardwood floors, 9.5′ to 10′ ceilings, white shaker cabinetry, quartz or granite countertops, stainless steel appliances, new bathroom vanities with white tile surrounds, and in-unit laundry. The property was also updated with new 400 amp electric service, individual HVAC, new copper plumbing, individual hot water heaters, and new drywall in between 2017 and 2018.
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- Fully renovated 4-flat with 2-car garage parking in premier Lincoln Park location, one block north of Old Town
- Modern features including S/S appliances, granite or quartz countertops, individual HVAC, and in-unit W/D
- Less than 0.3 miles from two CTA train station servicing Red, Brown and Purple lines
- 0.5 miles south east of the highly anticipated Sterling Bay Lincoln Yards development