Ravenswood Courtyard Building Comes to Market After 30-Year Hold
Essex Realty Group has been selected to exclusively market 4407-4415 N. Greenview Ave. in the North Side’s Ravenswood neighborhood. The property is listed at $10,125,000 by Essex principal Steve Livaditis and director Matt Feo.
4407-4415 N. Greenview is a 45-unit courtyard building. The property has been under the same ownership for more than 30 years and has been meticulously maintained during that time.
The unit mix is comprised of studio, one- and two-bedroom floorplans. The property has received extensive capital improvements that include a new partial roof layer, new concrete walkways, and tuckpointing. An opportunity exists for an investor to further improve the property by modernizing the kitchens and baths, adding in-unit laundry, and converting the large one-bed units into two-bed units.
Located on a tree-lined street, the property benefits from the neighborhood’s low vacancy rates, rising rents, and close proximity to public transportation and Chicago’s lakefront.
Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.
If you enjoyed this content and would like to stay in the loop, please consider following us on LinkedIn! If you’d like to talk with one of our agents on buying a property in the city of Chicago or the surrounding areas, please don’t hesitate to reach out and contact us. Thank you for reading!Read Full Article at Connect Chicago CRE