Ravenswood Courtyard Building Comes to Market After 30-Year Hold
Essex Realty Group has been selected to exclusively market 4407-4415 N. Greenview Ave. in the North Side’s Ravenswood neighborhood. The property is listed at $10,125,000 by Essex principal Steve Livaditis and director Matt Feo.
4407-4415 N. Greenview is a 45-unit courtyard building. The property has been under the same ownership for more than 30 years and has been meticulously maintained during that time.
The unit mix is comprised of studio, one- and two-bedroom floorplans. The property has received extensive capital improvements that include a new partial roof layer, new concrete walkways, and tuckpointing. An opportunity exists for an investor to further improve the property by modernizing the kitchens and baths, adding in-unit laundry, and converting the large one-bed units into two-bed units.
Located on a tree-lined street, the property benefits from the neighborhood’s low vacancy rates, rising rents, and close proximity to public transportation and Chicago’s lakefront.
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).
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