Essex Realty Group, Inc. has been exclusively engaged to market for sale 3327 N. Sheffield Ave., a 4-unit multi-family property in the Wrigleyville neighborhood of Chicago. The subject property offers an attractive unit mix with large apartment layouts and includes three (3) exterior tandem spaces. Additionally, the property is situated steps from Wrigley Field, thriving restaurants and bars on Clark Street, and Belmont CTA station.

The building consists of one (1) 2 Bd/1 Ba garden unit, two (2) 3 Bd/2 Ba units and one (1) 3 Bd/2 Ba penthouse unit. Each unit features open floorplans, oversized bedrooms, tall ceilings, gas fireplaces and in-unit laundry in all 3-bed units. Three (3) of the units have recently been rehabbed with refinished hardwood floors, quartz countertops, stainless steel appliances, subway tile backsplashes and skylights in the penthouse unit.

The subject property offers an investor the opportunity to acquire a well-performing asset with significant rental upside. A new owner has the opportunity to increase rents as current rents are substantially below the market. By raising rents as-is or adding minor cosmetic updates to the non-rehabbed unit, new ownership may be able to increase rents by $213 (a 9% increase).