Description
Essex Realty Group, Inc. has been exclusively engaged to market for sale 3507-11 N. Elston Ave., a new construction apartment property located in Chicago’s Avondale neighborhood. Completed in 2015, the offering consists of 12 units within three (3) contiguous walk-up buildings, and contains a desirable unit mix of two-bedroom and three-bedroom apartments with high-end finishes as well as 12 exterior parking spaces. Situated on the east side of Elston Avenue just south of Addison Street, the property is well-positioned among several transit options including the bus lines along Addison and Kimball Avenues and the CTA Belmont station (Blue Line). In addition, the property is less than one mile from the Kennedy Expressway (I-90/94). Shopping and dining opportunities are also conveniently located two (2) blocks west of the property at the Addison Mall, and several larger retail stores are situated in the shopping center across Elston Avenue. 3507-11 N. Elston Ave. presents an investor with the opportunity to acquire a new construction investment property located within one of Chicago’s desirable north side neighborhoods. A new owner may be able to benefit from value appreciation due to the steady current rental market and strong cash-flow upon stabilization, with a potential condominium sell-out exit strategy.

Map of Chicago, IL 60290 (Cook County)