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4715 - 4719 N Sheridan Road - Harper House, Chicago, IL
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4715 - 4719 N Sheridan Road - Harper House
Chicago, IL 60640-7513 - Uptown MF Submarket
Number of Units:
.19 AC (8,398 SF)
4715 North Sheridan Rd. is a 16 unit Mixed-Use building located in Chicago' s Uptown neighborhood. The property is situated on the east side of Sheridan Road a half a block south of Lawrence Avenue. The property is three blocks west of the Montrose-Wilson Beach at Lawrence, and is conveniently located three blocks east of the CTA Lawrence Red Line station.
The entire building was renovated in 2009 creating high quality rental units that feature large living spaces complete with new kitchens, new bathrooms, hardwood floors and stainless steel appliances. In addition to the extensive interior work performed on the residential units, the property also features a newly renovated retail space, new back porches, copper plumbing, 1,200 amp electric service and a new roof.
4715 North Sheridan' s retail space is occupied by a long-term tenant, Inspiration Kitchens. Inspiration Kitchens is a socially minded not for profit that offers contemporary American cuisine prepared and served by students and graduates of an award-winning food service training program.
Uptown borders Lakeview to the south, Edgewater to the north and Ravenswood to the west. It includes beautiful sub-neighborhoods such as Buena, Margate and Sheridan Park. The Uptown neighborhood has experienced a wave of high-end renovation, beautification and development during the past few years. The area has seen a significant amount of apartment supply converted to condominiums. This reduction in the supply of rental housing has had a positive impact on incomes and values.
4715 N. Sheridan Rd. presents an investor with the rare opportunity to acquire a well located and completely renovated Mixed-Use property with strong occupancy and upside in the rental rates. The building fulfills a tremendous demand by residents looking for newly renovated apartments featuring the most up to date apartments in the heart of Uptown that are close to public transportation, great restaurants, theaters and the beaches of Lake Michigan.
This site is located in an activecommercial district in Uptown just south of Lawrence Avenue,adjacent to Inspiration Kitchens.It is 0.4 mi. from Lake Shore Drive and 4 blocks (0.3 mi.) to either the Wilson or Lawrence CTA Red Line stations. Nearby institutionsinclude the Institute of Cultural Affairs, The National Pastime Theater, Weiss Memorial Hospital, Truman College, the Wilson Yards redevelopment (including Target, Aldi, PNC Bank, Core Power Yoga, etc.) and numerousrestaurants andlocal businesses.
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