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Essex Lists Value-Add Apartments in Edgewater Glen
Essex Realty Group is exclusively marketing a 12-unit multifamily property located at 1300 W. Hood Ave. in the North Side’s Edgewater Glen neighborhood. Listed at $2,975,000, the subject property offers a new owner the opportunity to obtain a meticulously maintained building, with extensive recent capital improvements.
“The property presents an ideal value-add opportunity for an investor,” said listing broker Matt Feo. “Considering the vast capital improvements recently made at the property, a new owner can simply perform light cosmetic updates to the units to increase monthly rent. A new owner may also choose to take advantage of Chicago’s new ADU Pilot Program and possibly add additional units in the basement space.”
The property is situated steps from the Granville CTA Red Line Station and numerous restaurant and retail options along Granville Avenue and Broadway. It’s also near Edgewater’s parks and beaches and Loyola University’s Lake Shore Campus.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
