Essex Realty Group, Inc. is pleased to present 1320 N. Wicker Park Ave., a six-unit plus one in-law garden apartment building located in the Wicker Park neighborhood of Chicago. Please note that the in-law unit is a non-conforming dwelling unit. The property has been under the same ownership for over 30 years and has been meticulously maintained during its tenure.The building's unit mix consists of three (3) two-bedroom layouts, three (3) one-bedroom layouts, and a non-conforming garden two-bed that produces additional income. The apartments feature hardwood flooring throughout accompanied by various levels of updates to the kitchens and bathrooms as apartments have turned over throughout the years. Four (4) of the apartments have been tastefully renovated to include stainless steel appliances and granite countertops, while two (2) of the apartments have been remodeled to include white appliances and laminate countertops, and there is one (1) two-bedroom layout that is in original vintage condition.Notable improvements to the building include copper plumbing throughout, separately metered electricity, and a recently replaced roof (tear-off). Additionally, five apartments include individual HVAC units providing heat and air conditioning to these layouts.This is an extremely low-density pocket of Wicker Park and is considered one of the tightest rental markets in Chicago. The property benefits from the neighborhood's low vacancy rates, rising rents, close proximity to public transportation, nightlife, and schools. An investor or owner user has the rare opportunity to purchase an attractive property that the same owner has diligently maintained for 30+ years in one of Chicago’s hottest submarkets.
