Multifamily Housing - For Sale
4540 North Ravenswood Avenue Chicago, IL 60640
Details & Description
Call for Pricing
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 10,000
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
Call for Pricing
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 10,000
4540 North Ravenswood Avenue Chicago, IL 60640 | for Sale | Photo 1
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.

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.

Listing Location & Map Views
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5300 North Magnolia Avenue, Chicago, IL $1,499,999 4148 0.1
5622 North Clark Street, Chicago, IL CALL 17000 -
5428 North Campbell Avenue, Chicago, IL $2,800,000 8550 -
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
Listing Agent
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