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| 2702 - 08 West Ainslie Street, Lincoln Square neighborhood, Chicago, IL |
CHICAGO, IL -- Essex Realty Group, Inc. is pleased to
announce the sale of 2702-08 W. Ainslie St. a 21-unit gut-rehabbed
walk-up apartment building located in Chicago’s Lincoln Square neighborhood.
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| Matt Welke |
The property is
situated on the northwest corner of Ainslie Street and Washtenaw Avenue, two
blocks from the CTA bus stop at Lawrence and Washtenaw, and within walking
distance of the Rockwell CTA Brown Line Station. In addition, the building is in close proximity to the restaurants
and shops located in the heart of Lincoln Square.
The building was gut
renovated between 2008 and 2009 with interior apartment finishes including
granite countertops, stainless steel appliances, and new cabinets in
kitchens/pedestal sinks, wall-mounted medicine cabinets, mosaic tile floors,
and ceramic tile tub surrounds in bathrooms; hardwood floors and crown molding
throughout bedrooms and living rooms.
The mechanical systems have also been updated, including new
electric, new copper plumbing, new in-unit HVAC and hot water tanks, and new
windows.
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| Jason Fishleder |
The Subject Property
consists of a unit mix of 1 Bd/1 Ba up to 2 Bd/2 Ba + Den, with square footage
starting at 846 SF per unit up to 1,390 SF.
Matt Welke
and Jason Fishleder represented the seller and Doug Fisher of Essex
represented the purchaser. The price
was approximately $3,900,000.
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
dougfisher@essexrealtygroup.com
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