ON MARKET – MULTI-FAMILY
2331 W Superior St & 2601 W Augusta Blvd Chicago, IL 60622
NEIGHBORHOOD
Ukrainian Village
PRICE
$4,900,000
NUMBER OF UNITS
27
CAP RATE
3.65%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 2331 West Superior Street & 2601 West Augusta Boulevard, two buildings totaling 27 units in the popular Ukrainian Village neighborhood of Chicago.

2331 West Superior is a 14-unit property featuring large 1 bedroom plus den & 2 bedroom apartments. 2601 West Augusta is a 13-unit building which includes several large 2 bed/1 bath apartments plus a variety of other floor plans including three & four bedroom layouts.

The apartments all feature hardwood floors, a mixture of stainless steel & white kitchen appliances, granite or laminate counters, individual heat, shared laundry in the basement, and newer back porches.

The opportunity exists for an investor to purchase two large buildings in Ukrainian Village and renovate the properties to feature brand new kitchens, baths, HVAC and laundry in-unit.

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. 1659 West Huron is located in the heart of West Town, just blocks from the neighborhood's popular Chicago Avenue, as well as in close proximity to public transportation.

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

HIGHLIGHTS
  • 2331 West Superior | 14 Units | $2,500,000
  • 2601 West Augusta | 13 Units | $2,400,000
  • Opportunity to Renovate Kitchens, Baths, Install In-Unit Laundry
  • Individual Furnaces, Updated Porches and Recent Tuckpointing at Both Properties
  • Primarily Large 1 & 2 Bedroom Apartments with Open Layouts
  • Fantastic Ukrainian Village Locations, Close Proximity to Chicago/California Avenue Retail and Hospitality
LISTING BROKERS
Jordan Gottlieb
Principal
773.305.4922
Jordan Multack
Director
773.305.4884