Essex Realty Group has been exclusively engaged to market for sale 1358 N. Artesian Ave., a 6-unit corner building located on the border of Chicago's popular neighborhoods of Humboldt Park and Wicker Park. The property is located on a beautiful tree lined street 0.5 miles away from Humboldt Park and 0.8 miles from the Damen CTA Blue Line, a vibrant transportation hub surrounded by local restaurants, boutiques and conveniently located bus stops.
The building is comprised of three (3) two bedroom/one bathroom units, two (2) three bedroom/one bath units, and one (1) three bedroom/two bath unit. All units feature granite countertops, black appliances, hardwood flooring and central heating/air conditioning. Additional income is generated by three (3) exterior parking spaces and coin-operated laundry in the basement.
1358 N. Artesian Ave. provides investors with an opportunity to acquire a renovated property with immediate upside that can be captured by raising rents to market rates.
The Wicker Park neighborhood is named after Charles and Joel Wicker who in 1870 developed the neighborhood surrounding the park bearing their name. Residents use public transportation options like the Damen CTA Blue Line and the #9 Ashland bus, the #56 Milwaukee bus, the #50 Damen bus, and the #70 Division bus.
Wicker Park's residential growth has led to increased business activity, with many new bars, restaurants and stores opening to serve these individuals. An area of exceptional artistry and character, the Wicker Park neighborhood has emerged from an artist’s haven into one of the most desirable places to live in Chicago. Today, the neighborhood is best known for its numerous commercial and entertainment establishments, as well as being a convenient place to live for downtown workers due to its proximity to public transportation and the Loop.
- Gut-renovated building
- Immediate upside that can be captured by raising rents to market rates
- Additional income is generated by three (3) exterior parking spaces and coin-operated laundry in the basement
- All units feature granite countertops, black appliances, hardwood flooring and central heating/air conditioning