ON MARKET – MULTI-FAMILY
1701-03 North Kedzie Chicago, IL 60647
PRICE
$3,375,000
NUMBER OF UNITS
9
CAP RATE
5.56%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1701-03 North Kedzie, located in Chicago’s popular Logan Square neighborhood. Built in 2014, the nine-unit apartment building is comprised of six extremely spacious 2 bed/2 bath
apartments and three large 3 bed/3 bath duplex down apartments. Each apartment features gourmet kitchens, individual HVAC, washer/dryer in-unit, fireplaces in the living rooms, rear decks, hardwood floors throughout, and private gated or garage parking. The kitchens have stainless steel appliances, custom backsplashes and beautiful granite countertops. The primary bedroom has an en-suite bathroom with separate soaking tub and dual sinks.
The property is ideally situated on the east side of Kedzie Avenue, one half block from the Kedzie entrance point to The Bloomingdale Trail. It is also conveniently located less than 2 blocks away from Humboldt Park, a 197-acre park featuring a historic lagoon and boat house, a large field house, two gymnasiums, an inland beach, and countless playgrounds and sports fields. 1701-03 North Kedzie sits in a prime location on Kedzie Avenue, the doorway to Logan Square, which includes an endless stream of restaurant, bars, shopping and entertainment options, making this an excellent opportunity to purchase a new construction apartment building on a coveted street on Kedzie Avenue.

LOCATION DETAILS

RICH HISTORY: Logan Square is located approx. 3 miles northwest of Chicago’s Loop. In the past few years the area has enjoyed booming growth in population and popularity with Chicago’s residents, as evidenced by the opening of a variety of new retail developments and popular new bars and restaurants. Known for its historical architecture, scenic boulevards, and expansive parks, Logan Square is regularly regarded as one of Chicago’s most sought after neighborhoods.

PRIME LOCATION: The property is located on Kedzie Avenue, just half a block away from The Bloomingdale Trail. The Bloomingdale Trail is the centerpiece of the 606; it connects to four neighborhood parks at ground level, an observatory, art installation and other amenities. Set Above city streets, it's a unique way to explore Chicago. 1701-03 North Kedzie is also located just 1 mile west of the Western Blue Line CTA station, an in close proximity to numerous bus stops.

HIGHLIGHTS
  • New Construction Property Delivered In 2014
  • 2021 Assessed Value Went Down
  • Rents Average $955 Per Bedroom
  • Stabilized 6% CAP Rate With 10% Rent Increase
  • Large 2 Bed & 3 Bed Duplex Apartments
  • High End Finishes with Primary En Suite Baths & Spacious Living Rooms
  • 4 Blocks From Vibrant Retail on Armitage Ave
  • One Block from Kedzie Bloomingdale Trail Entrance
  • Blocks to Historic Humboldt Park
LISTING BROKER
Jordan Multack
Director
773.305.4884