ON MARKET – MULTI-FAMILY
1355 West Chicago Avenue Chicago, IL 60642
NEIGHBORHOOD
West Town
PRICE
$6,000,000
NUMBER OF UNITS
34
CAP RATE
3.4%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1355 West Chicago Avenue, a large corner trophy property in the popular West Town neighborhood of Chicago.

1355 W Chicago is a 34-unit property which includes ten studios, eighteen 1 bed/1 bath apartments, three 2 bed/1 bath apartments and 3 retail spaces measuring approximately 660 SF. The apartments all feature vintage laminate countertops, white kitchen appliances, and boiler heat. The building also includes updated electrical and older plumbing. An extremely rare opportunity for an investor to purchase a large corner building and renovate the units to feature brand new kitchens, baths, HVAC and laundry in-unit.

1355 W Chicago sits at the gateway to the West Town neighborhood, on the southwest corner of Chicago Avenue & Ada Street. The Chicago L Station is less than ½ mile away, providing tenants quick access to the Blue Line. Along with several surrounding bus stops & Divvy stations, and the Kennedy Highway, tenants are offered excellent transportation options.

LOCATION DETAILS

The West Town neighborhood of Chicago is located a few miles west of Chicago’s Loop and offers views of Chicago’s skyline from most parts of the neighborhood. West Town benefits by being comprised of several neighborhoods who's residents have brought a rich history. Neighborhoods within West Town include: East Village, Eckhart Park, portions of Humboldt Park, Noble Square, portions of River West, Smith Park, Ukrainian Village, and Wicker Park.

Today, West Town is rapidly changing and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, independent theaters, quaint coffee shops, and a booming restaurant and nightlife scene. 1355 W Chicago is located in the heart of West Town, directly on popular Chicago Avenue, and in close proximity to public transportation.

*Neighborhood information from https://www.westtownchicago.com/

HIGHLIGHTS
  • Rare Opportunity to Transform Highly Visible West Town Property
  • Primarily Studio and One Bedroom Apartments
  • Variety of Possible Uses Including Short/Long Term Stay Hotel, Co-Living, Etc...
  • Pricing Subject to Offer, Please Inquire
LISTING BROKERS
Jordan Gottlieb
Principal
773.305.4922
Jordan Multack
Director
773.305.4884