Multifamily Housing
4540 North Ravenswood Avenue Chicago, IL 60640
Details & Description
Call for Pricing
    Essex Realty Group, Inc. is exclusively engaged to market for sale 4540 N. Ravenswood Ave, located in the highly desirable Ravenswood neighborhood of Chicago, Illinois. This ten-unit, new construction, boutique-style building is comprised of one, two, and three-bedroom luxury apartments with simplex, bi-level, or tri-level floorplans. Additionally, please note that the building also houses a 450SF “Building Office” that is equipped with full bathroom and shower.This unique property was delivered in July of 2019 and was extremely well built by a prominent local developer. The exterior facade of the property is corrugated steel, and aluminum composite panels. All the interior walls were fully insulated with closed-cell foam, and 14 inches of cellulose soundproofing was installed between each floor. The custom kitchens feature an open floorplan with maple shaker or hickory cabinetry, quartz countertops, and a high-end stainless-steel appliance, and faucet package, including built-in microwaves and dishwashers. Bathrooms were designed with walk-in showers with frameless glass surrounds, quartz countertops, ADA compliant porcelain bathroom tiles, and Toto toilets. All units have vinyl wood plank throughout, in-unit laundry, individual HVAC, and either have private patios, balconies, or outdoor rooftops. Three units have tankless hot water heaters, while the remaining seven units have individual domestic hot water heaters. The building also has a three-car garage and two exterior parking spaces.The building is centrally located within the neighborhoods of Ravenswood and Lincoln Square, which offer remarkable restaurants, retailers, fitness gyms, and nightlife. The Montrose Brown Line Station is only one block from the property, therefore providing tenants with easy access to downtown Chicago.
    Listing Agents
    Steven Livaditis

    O: 773-305-4840
    stevenlivaditis@essexrealtygroup.com
    Reuben Blackman
    Essex Realty Group
    O: 773-305-4848
    reuben@essexrealtygroup.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    4540 North Ravenswood Avenue

    Chicago, IL 60640

    Listing ID: 236188
    4540 North Ravenswood Avenue Chicago, IL 60640 | for Sale | Photo 1
    Building Size: 10,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Description

    Essex Realty Group, Inc. is exclusively engaged to market for sale 4540 N. Ravenswood Ave, located in the highly desirable Ravenswood neighborhood of Chicago, Illinois. This ten-unit, new construction, boutique-style building is comprised of one, two, and three-bedroom luxury apartments with simplex, bi-level, or tri-level floorplans. Additionally, please note that the building also houses a 450SF “Building Office” that is equipped with full bathroom and shower.

    This unique property was delivered in July of 2019 and was extremely well built by a prominent local developer. The exterior facade of the property is corrugated steel, and aluminum composite panels. All the interior walls were fully insulated with closed-cell foam, and 14 inches of cellulose soundproofing was installed between each floor. The custom kitchens feature an open floorplan with maple shaker or hickory cabinetry, quartz countertops, and a high-end stainless-steel appliance, and faucet package, including built-in microwaves and dishwashers. Bathrooms were designed with walk-in showers with frameless glass surrounds, quartz countertops, ADA compliant porcelain bathroom tiles, and Toto toilets. All units have vinyl wood plank throughout, in-unit laundry, individual HVAC, and either have private patios, balconies, or outdoor rooftops. Three units have tankless hot water heaters, while the remaining seven units have individual domestic hot water heaters. The building also has a three-car garage and two exterior parking spaces.

    The building is centrally located within the neighborhoods of Ravenswood and Lincoln Square, which offer remarkable restaurants, retailers, fitness gyms, and nightlife. The Montrose Brown Line Station is only one block from the property, therefore providing tenants with easy access to downtown Chicago.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

    Chicago Area Market Trends

    Listing Demographics for 4540 North Ravenswood Avenue Chicago, IL 60640

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population67,652567,8631,088,173
    Population Median Age363737
    Population by Age0-9 Yrs7811 (11%)59512 (10%)117187 (10%)
    10-19 Yrs3849 (5%)46555 (8%)97294 (8%)
    20-29 Yrs12981 (19%)120658 (21%)220356 (20%)
    30-39 Yrs17608 (26%)118833 (20%)220488 (20%)
    40-49 Yrs10315 (15%)72573 (12%)139114 (12%)
    50-59 Yrs6874 (10%)60227 (10%)116894 (10%)
    60-69 Yrs4438 (6%)46523 (8%)93929 (8%)
    70+ Yrs3775 (5%)42982 (7%)82911 (7%)
    Median HH Income$85,325$70,826$73,577
    Total Household Income< 24K3968 (12%)44394 (17%)80537 (17%)
    25-49K5251 (16%)47029 (18%)82903 (17%)
    50-74K4684 (14%)40677 (16%)72966 (15%)
    75-99K4519 (14%)29675 (11%)55985 (12%)
    100-199K8499 (26%)59435 (23%)113381 (24%)
    200K+4618 (14%)30748 (12%)59413 (12%)
    Highest Education LevelNo Diploma26594124586489
    Diploma or GED495456202121353
    Some College597051927103003
    Assoc. Degree20202004738336
    Bachelors Degree21658146212263993
    Higher Degree1471899625179531
    Total Housing Units33,960277,931513,373
    --Owner-Occupied12,732101,154199,257
    --Renter-Occupied18,807150,804265,929
    Owner-Occupied Values< 100K17645108189
    100-199K7861644927645
    200-299K27082121643081
    300-399K24591782338745
    400-499K15021197925263
    500K+51012917656334
    Total Working Age Population57,094481,946914,940
    In Work Force46,675354,780667,205
    Not In Work Force10,420127,166247,734
    Workforce Employed44,990339,505638,369
    Workforce Unemployed1,68415,10628,588
    Civlian Workforce46,675354,612666,958
    Military Workforce0168248
    Total Households31,539251,957465,186
    Family Households13,087109,564216,613
    Non-Family Households18,452142,393248,573
    Married Couple10,74083,378160,977
    Other Family2,34726,18655,636
    Married w/Child4,75435,02067,200
    Single Male w/Child2783,2016,631
    Single Female w/Child9918,16017,755

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 4540 North Ravenswood Avenue in Chicago is 10,000 square feet
    What is the population within 1 mile of 4540 North Ravenswood Avenue in Chicago?
    The population within 1 mile of 4540 North Ravenswood Avenue Chicago, IL 60640 is 67,652 people.
    Who do I contact for questions about 4540 North Ravenswood Avenue?
    You should contact the listing agent, Steven Livaditis, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 12
    Chicago Midway International Airport (MDW) 13
    General Mitchell International Airport (MKE) 69
    Price
    Call for Pricing
    Listing Agent
    Listing Co-Agent
    Steven Livaditis - CRE Agent at Essex Realty Group

    Reuben Blackman

    Independent Agent
    More listings from Steven Livaditis
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