2835 West Division Street, Chicago, IL for sale

Investment Overview

Essex Realty Group, LLC is pleased to exclusively present for sale 2835 W. Division Street, an exceptional boutique multifamily investment prominently positioned in Chicago’s highly desirable East Humboldt Park neighborhood. Completed in 2016, this newer-construction property comprises eight luxury apartments, including six two-bedroom units and two expansive four-bedroom duplexes. All the units feature thoughtfully designed floor plans with spacious, open-concept living areas, abundant natural light, and private balconies overlooking Humboldt Park. The Property also features eight on-site parking spaces, including five indoor and three exterior spaces. Each apartment features high-end interior finishes, including custom kitchens with quartz countertops, oversized islands, stainless steel appliances, and custom cabinetry. Additional features include spacious primary suites, designer bathrooms with oversized glass-enclosed showers, in-unit laundry, gas fireplaces, and individually controlled HVAC systems. The Property is surrounded by a growing collection of restaurants, cafés, breweries, entertainment venues, and boutique retail throughout East Humboldt Park, Wicker Park, and Ukrainian Village. This is an exceptional investment opportunity offering significant upside potential for a new owner. Currently, the apartments are averaging approximately $500 per month below prevailing market rents, providing a clear opportunity to increase revenue through future rent growth.

Investment Highlights

• Newly Constructed, Boutique 8-Unit Multifamily Property Located in Humboldt Park.
• Highly Desirable Unit Mix Featuring Six 2-Bedroom Apartments and Two Expansive 4-Bedroom Duplexes.
• Eight Dedicated Parking Spaces (Five Garage, Three Surface).
• Upscale Finishes Throughout, Including Quartz Countertops, Oversized Floor Plans, and In-Unit Laundry.
• All Units Have Private Terraces Overlooking Humboldt Park.
• Significant Rental Upside with Current Rents Averaging Approximately $500 Below Market.
• Located Outside of Chicago’s Northwest Side Preservation Ordinance and TOPA Zones.