ON MARKET – MULTI-FAMILY
1201 West Addison Street Chicago, IL 60613
NEIGHBORHOOD
Wrigleyville
PRICE
$6,400,000
NUMBER OF UNITS
12
CAP RATE
5.27%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1201 West Addison Street, located in Chicago’s popular Wrigleyville neighborhood. The building includes 12 units, with an ideal unit mix of large 2 bed/2 bath, 3 bed/2 bath, 4 bed/ 3 bath and 4 bed/4 bath renovated apartments that feel spacious and bright due to the building's corner location. All of the units were renovated in 2017 and feature beautiful finishes including hardwood floors, stainless steel appliances, quartz counters, custom tile backsplash & showers, individual HVAC, in-unit laundry and rear porches/decks.

The property is situated on the southwest corner of Addison Street and Racine Avenue, and is conveniently located one block west of Wrigley Field and Clark Street, making it an ideal location on Chicago’s north side. The Addison L station is 2 blocks to the east and the Belmont & Southport L stops are less than 1 mile away. Quick access to all three CTA stations provides tenants access to the Red, Brown, and Purple Lines, offering tenants many excellent public transportation options. 1201 West Addison is a rare opportunity to own a stately corner building in a prime Wrigleyville location with an endless choice of charming restaurants, local bars and entertainment options steps away, making this an excellent opportunity that does not come available very often.

LOCATION DETAILS

RICH HISTORY: Lakeview is one of the most prominent areas in Chicago, located north of the Loop and bordering Lake Michigan. Its proximity to the City’s central business district combined with convenient access to public transportation has led to substantial residential and retail growth, which have been the driving forces in transforming the neighborhood into one of the foremost places to live in Chicago. Home to the Chicago Cubs and Wrigley Field, the country’s second oldest ballpark, the neighborhood is filled with restaurants, boutiques and small businesses making up the majority of tenants along retail corridors with major national tenants consistently moving in each year.

PRIME LOCATION: The property is located on the southwest corner of Addison Street and Racine Avenue in Chicago’s Wrigleyville neighborhood. 1201 West Addison sits in between Southport Avenue and Clark Street, two popular streets full of local charm featuring a wide variety of boutiques, salons & spas, and trendy restaurants & bars. The property is also conveniently located less than two blocks to the Addison CTA Station and Wrigley Field, and in close proximity to numerous bus stops and Divvy bike stations.

HIGHLIGHTS
  • 12 Spacious Apartments Renovated in 2017
  • Units Feature Stainless Steel Appliances, Quartz Counters, Individual HVAC, In-Unit Laundry & Rear Decks
  • 1 Block to Wrigley Field & Clark Street
  • Quick Access to the Addison, Belmont & Southport "L" CTA Stations
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922