High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + Chicago + North Side  + Apartments  | 
Essex Realty Group has listed a value-add multifamily opportunity in Chicago's Ravenswood neighborhood

Essex Markets Value-Add in Ravenswood 

Essex Realty Group has been retained to market for sale 4450-4452 N. Ashland Ave. in the North Side’s Ravenswood neighborhood. The property is listed at $3,300,000 by the Essex team of Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd and Rick Ofman. 

4450-4452 N. Ashland is a 16-unit multifamily property comprised of a mix of studio, one-, two-, and three-bedroom apartments. The units are predominantly equipped with stainless steel appliances, hardwood floors, laminate countertops, and dishwashers.  

A new investor has the opportunity to improve the property by modernizing common areas and making modest cosmetic updates to unit interiors. Additional income is generated through four garage parking spaces. 

This value-add opportunity is located less than half a mile from the Montrose Brown Line CTA Station and Ravenswood Metra Station. 

Connect

Inside The Story

Essex Realty Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action