Essex Realty Group, Inc. has been exclusively engaged to market for sale 5638-42 N. Kimball Ave., a 13-unit brick walk-up building located near the intersection of Kimball and Bryn Mawr Avenue in the North Park neighborhood of Chicago.

The current unit mix consists of ten (10) 1 Bd/1 Ba and Three (3) 2 Bd/1 Ba apartments with separate formal dining rooms. Units feature hardwood floors, granite and laminate countertops, stainless steel and white appliances, and radiator heat. Additionally, the building has had extensive capital improvements that include a new roof, boiler, and windows.

This is an excellent opportunity for an investor to acquire a well-maintained multi-family property with significant rental upside. The current rents are averaging approximately 16% below the market rate, allowing a new owner to capitalize on raising the rents and operating the property as-is. Furthermore, for a significant yield increase, all thirteen apartments feature large dining rooms that can be converted to additional bedrooms.