For Sale
$8,495,000

1636 Bosworth AveChicago, IL 60642

Chicago Apartments: Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional multifamily investment opportunity in Chicago's vibrant Wicker Park neighborhood comprises four buildings totaling 33,900 square feet on a 22,891 square foot lot. The portfolio includes four buildings, each featuring one commercial unit and six residential apartments. Residential units offer a mix of two- and three-bedroom layouts, boasting modern finishes such as quartz countertops, stainless steel appliances, and in-unit laundry. The property provides 30 parking spaces and features a sizable rooftop with potential for amenity expansion. Adding to the income potential is an existing billboard overlooking the Kennedy Expressway. Three of the four commercial spaces are currently available for lease, presenting an immediate value-add opportunity for the new owner. Strategically located just five blocks from the Clybourn Metra station and six blocks from the Division Blue Line, this portfolio benefits from excellent transit access. The property's location within Wicker Park, a rapidly growing submarket of Chicago, ensures strong rental demand and future appreciation potential. The asking price for this court-ordered receivership sale is $8,495,000, subject to final court approval. This is a rare chance to acquire a well-positioned multifamily portfolio with significant upside potential in one of Chicago's most desirable neighborhoods.

Highlights

  • Court-ordered receivership sale.
  • Five blocks from Clybourn Metra station and six blocks from the Division Blue Line 'L' station.
  • Wicker Park location in a rapidly appreciating Chicago submarket.
  • Significant value-add potential via retail lease-up, billboard revenue, and rooftop amenity expansion.

Property Details for 1636 Bosworth Ave

Property type
Apartment buildings
Square Feet
33,900 SF
Buildings
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9117564
Longitude
-87.6668066
1636 Bosworth Ave, Chicago, Illinois

FAQs

What type of property is this?
Apartment building - Chicago Apartments: Prime Location
Where is the apartment building located?
The property is located at 1636 Bosworth Ave Chicago, IL.
What is the asking price?
The asking price for this property is $8,495,000.
What are key features of this property?
This property features: Court-ordered receivership sale.; Five blocks from Clybourn Metra station and six blocks from the Division Blue Line 'L' station.; Wicker Park location in a rapidly appreciating Chicago submarket.
How can I contact the broker?
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1636 Bosworth Ave
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