Essex Realty Group, Inc. is pleased to present 2823-27 North Central Park., an eight-unit apartment building located in the Logan Square neighborhood of Chicago. The property sits on a double-wide lot that is 50’ x 125’, which includes a two-car garage and additional green space. The property includes 8 spacious 2 Bed/1 bath apartments. The spacious apartments feature hardwood floors, updated kitchen appliances, updated bathrooms, back decks, separate gas-forced heat and shared laundry in the basement. Most of the units have been renovated to feature a variation of updated kitchens and bathrooms, in addition, two units feature laundry. An opportunity exists for an investor to improve all the units within the property by further updating the vintage kitchens and bathrooms, while also installing laundry in 6/8 apartments. This property also falls within the ADU Northwest zone, so there is also an opportunity to add at least 2 ADU units. These improvements would allow for current rents to be raised to market levels in a great neighborhood with a large consistent rental market.

The property is situated on the southeast corner of Central Park Ave and Wolfram Street, only 2 blocks west of popular Milwaukee Avenue and is conveniently located a half mile from the Logan Blue Line L stops. Quick access to the CTA station, as well as numerous bus stops offer tenants excellent public transportation options. 2823-27 North Central Park sits in a prime location of Logan Square as the property is close to an endless choice of charming restaurants, local bars, entertainment options, making this an excellent opportunity that does not come available often.