Essex Tapped to Market Vintage Courtyard in Edgewater

Essex Realty Group, Inc., has been exclusively engaged to market for sale 1723-1725 W. Thorndale Avenue, a 42-unit vintage courtyard apartment building located in Chicago’s Edgewater neighborhood, just two blocks from the soon-to-open Peterson Ridge Metra Station.

The property has been owner-managed for nearly 30 years. It consists of 12 studios and 30 one-bedroom apartments, 12 of which could be easily converted to two-bedroom units. Listed by Essex Realty Group Principals Doug Imber, Kate Varde, and Steve Livaditis, along with Managing Director Matt Feo, 1723-1725 W. Thorndale Avenue offers the opportunity to capitalize on below-market rents and the increased demand from the new Metra station.

According to Feo, “It is rare to find such an attractive courtyard building with this type of upside. There are few buildings I’ve seen in my career that offer as compelling fundamentals as this property.”

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