Essex Realty Group, Inc. is pleased to announce the sale of 921 W. Wilson Ave., a center entrance six-flat located in Chicago’s vibrant Uptown neighborhood. The property sold to a local developer within 10 weeks after an extensive marketing campaign. The buyer was attracted to this investment opportunity due to the great location, spacious apartment floorplans, extra-large lot size, and future redevelopment potential.
The Property is conveniently located 0.2 miles east of the newly renovated Wilson CTA Red Line station, less than 500 feet away from the Wilson and Sheridan CTA Bus Stop, and 0.2 miles west of Lake Michigan, Montrose Beach, and the Clarendon Park.
921 W. Wilson Ave. is conveniently located in the heart of Uptown, a thriving community situated six miles north of the loop. The neighborhood is also located just north of Lakeview and east of Ravenswood, allowing residents to enjoy a variety of entertainment and dining options offered by these popular bordering neighborhoods. This historic neighborhood is located on the shores of Lake Michigan and was originally developed as an affluent resort area that served as a tranquil oasis away from city life. It was a popular destination for movie stars of Chicago’s silent film era, evidenced by the numerous destinations for music and the arts. Landmarks like the Byline Aragon Ballroom, Riviera Theatre, Uptown Theatre and Green Mill Jazz Club hold deep historic, architectural and cultural significance and are still frequented today.Uptown has benefited from significant public investment in recent years that is rebuilding the area’s public transportation and major thoroughfares. The Wilson CTA Red Line station is located one block south of the Property and is currently undergoing a $203 million renovation. This multi-phase project will replace more than 2,200 feet of the century-old Red & Purple Line tracks in addition to the construction of a brand new fully-accessible station.
- Six (6) 3Bd/1.5Ba Units & One (1) 2Bd/1Ba Garden Unit with Tenant Paid Utilities + 12-Car Parking Pad
- Value Add Opportunity to Refresh Kitchens, Baths, & Easily Add Laundry to Utility Closet
- Potential to Legalize Garden Unit Through ADU Pilot Program
- Quickly Appreciating Location with Addition of Many Class A Buildings