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| 932--40 West Dakin Street, Chicago, IL |
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| James Darrow |
CHICAGO, IL -- Essex Realty Group, Inc. is pleased to
announce the sale of 932-40 W. Dakin St. in Chicago, Illinois.
932-40 W. Dakin St.
is a 26,815 square foot heavy timber warehouse building that was originally
constructed in 1914 by the E.R. Moore Company, a nationally known manufacturer
of caps and gowns used for graduation and choir ceremonies.
A preliminary
investigation from a historic tax credit advisor indicated that the building
may be a candidate for the National Register of Historic Places which may
qualify a new buyer to receive Federal rehab credits for renovation work.
The building spans 3 floors and has high ceilings and
hardwood floors on the 2nd & 3rd floors. There is currently room for 8 off
street parking spots with the possibility of adding more off the alley at the
rear of the building.
The building is situated on the north side of Dakin Street
just east of Sheridan Road and is 3 blocks north of the world famous Wrigley
Field.
The property offers many public transportation options right
around the corner, in fact the Sheridan Red Line “L” stop is just steps away.
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| Jordan Gottlieb |
This is a rare opportunity to do a ground up new residential
development or convert the existing structure into luxury loft style apartments
or condominiums in one of Chicago’s most desirable neighborhoods with excellent
access to public transportation.
The sale price was approximately $2,700,000.
Essex Realty Group’s Jim Darrow and Jordan
Gottlieb represented the seller and Doug Fisher represented the buyer.
Essex Realty Group, Inc. specializes in the sale of
investment real estate throughout the Chicago metropolitan area.
For a complete
copy of the company’s news release, please contact:
Douglas Fisher
Essex Realty Group, Inc.
773.305.4910
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