Essex Realty Lists Adjacent Mixed-Use Properties in Lakeview
Essex Realty Group has been retained to market for sale 3826 and 3830 N. Ashland Ave., two adjacent mixed-use properties in the North Side’s Lakeview neighborhood. The property is listed at $2,000,000 by the Essex team of Jim Darrow, Jordan Gottlieb, and Sarah Rider.
Each building has three units, and the total unit mix includes four three-bedroom apartments, one large two-bedroom apartment and one grandfathered commercial office space. The first-floor commercial space is occupied by a Century 21 Affiliated real estate office through 2024.
This value-add opportunity is located within two blocks of the Irving Park and Addison Brown Line CTA Stations and less than a mile from Wrigley Field and the Addison Red Line CTA Station. A new investor has the opportunity to take advantage of Chicago’s Accessory Dwelling Units ordinance to add two coach houses behind the existing buildings, increasing the unit count from six to eight.
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!