Ukrainian Village Multifamily Property Trades Hands For First Time In 20+ Years
Chicago based multifamily investment real estate firm Essex Realty Group, Inc. is pleased to announce the sale of an exceptional 5-unit multifamily property located at 1010 N. Wood Street in Chicago’s sought-after Ukrainian Village neighborhood.
Essex Director Abe Eilian represented the seller, a local investor, in this transaction. The property was released to the market in early February 2021 and after an extensive marketing campaign resulting in multiple offers the property was placed under contract just four weeks later. The property closed for approximately $1,950,000. Essex Principal Jordan Gottlieb represented the buyer, a local investor, in this transaction.
“1010 N. Wood Street was a very well-maintained 5-unit located in arguably the best pocket of Ukrainian Village. It also benefitted from having three extra-large duplexed units.” explains Eilian.
The property features a front three-flat and a two-unit rear coach house. The front building consists of two 2 bed/1 bath units, and one 4 bed/3 bath duplex-up penthouse unit. The rear coach house features one 2 bed/2 bath duplex-down unit and one 2 bed/2 bath duplex-up unit with private rooftop deck access. Each unit features condo-quality finishes, granite countertops, in-unit laundry, keyless entry, built-in microwave, and dishwasher. Some units also feature exposed brick and views of Chicago’s beautiful downtown skyline. Recent capital improvements include a new roof on the front building, new skylights in unit 2R, and new heat-sealed rubber coat and trex decking on the rear porch. There is a heated two-car garage in the rear.
The property is situated in a premier pocket of East Ukrainian Village just a couple blocks south of Chicago’s popular Division Street commercial corridor and one-half mile from the Division Street Blue line CTA Station.
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.