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Six-Flat Comes to Market on Border of Wicker Park and Humboldt Park
Essex Realty Group, Inc. has been selected to exclusively market 1358 N. Artesian Ave., a six-unit multifamily property on the border of Chicago’s Wicker Park and Humboldt Park neighborhoods. It’s currently listed at $1,375,000, a price that reflects a 5.91% cap rate and 10.93 gross rent multiple.
The property is comprised of three two-bedroom/one-bathroom units, two three-bedroom/one-bathroom units, and one three-bedroom/two-bathroom unit. All units feature granite countertops, black appliances, hardwood flooring and central heating/air conditioning.
According to Rick Ofman, director of Essex and the broker leading the sales efforts, “This is an excellent opportunity to acquire a renovated property with immediate upside that can be captured by raising rents to market rates
- ◦Sale/Acquisition

