Essex Realty Group has been selected to market 2056 W. Division St. in Wicker Park. The property is a five-unit mixed-use building with four two-bedroom apartments plus an approximately 4,000-square-foot first-floor retail space leased to Jack’s Restaurant through December 2030.
Kate Varde, principal of Essex and the broker leading the sales efforts, said, “This is one of the premier corners in Wicker Park. The restaurant is perfectly suited for the neighborhood and benefits from an exceptional build-out that includes nearly 1,500 square feet of unique indoor/outdoor space with a retractable roof.
“In addition, apartment investors are benefiting tremendously from the rapid rise in rents. Currently, rents in the building average approximately $2,250 per month, while rents for similar units in the market are regularly exceeding $2,500.”
2056 W. Division is listed at $3,050,000 by Varde and principal Doug Imber, as well as directors Jaimie Steinher, Dan Shepherd and Rick Ofman.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).