5022-5030 N Winthrop Ave - Apartments FOR SALE


Chicago, IL 60640- Uptown Chicago
$9,472,000 USD
847-373-6368
5022-5030 N Winthrop Ave, Chicago, IL for Sale
$9,472,000 USD
Apartments - FOR SALE
1/20
null | 6.56% Cap Rate

5022-5030 N Winthrop Ave
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • Exceptionally Attractive 32-Unit Courtyard Apartment Building Located in the Heart of Uptown.
  • Highly Desirable Unit Mix Comprised Exclusively of Spacious Two-Bedroom Apartment Homes.
  • Prime Transit-Oriented Location Just Steps from the Newly Reconstructed CTA Red and Purple Line Stations.
  • Extensively Renovated Property Featuring Modernized Kitchens and Bathrooms, In-Unit Laundry, and Individual HVAC Systems.
  • Directly Adjacent to the Transformative “Under the L” Project, a New Public Green Space and Pedestrian-Friendly Community Amenity.
  • Strong In-Place Cash Flow with Additional Long-Term Upside Potential.

OVERVIEW

Essex Realty Group, LLC is pleased to exclusively present for sale 5022–5030 N. Winthrop Avenue, an exceptionally attractive 32-unit courtyard apartment building ideally located in the heart of Chicago’s vibrant Uptown neighborhood. Positioned just steps from the newly reconstructed CTA Red and Purple Line stations, the property offers residents unparalleled access to public transportation, neighborhood amenities, and some of Chicago’s most sought-after destinations. The property consists entirely of spacious two-bedroom apartment homes with expansive floor plans and highly desirable layouts, including separate dining rooms or eat-in kitchens. The apartments have been thoughtfully modernized with attractive kitchens, select units featuring GE stainless-steel appliances and granite and quartz countertops, updated bathrooms, in-unit laundry equipment, individual HVAC systems, and abundant closet and storage space. Further enhancing the property's appeal, the transformative “Under the L” project located directly behind the building is creating a vibrant public green space featuring landscaped gathering areas, pedestrian pathways, and enhanced streetscape improvements. This significant public investment is expected to further elevate the neighborhood’s connectivity and overall resident experience. Residents enjoy immediate access to Uptown’s renowned entertainment, cultural, and lifestyle amenities and are within walking distance of Chicago’s lakefront beaches and trails, Andersonville, and the Bryn Mawr Historic District, offering exceptional urban convenience, transit accessibility, and outdoor recreation.

FOR SALE DETAILS

PRICE

$9,472,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

32

PRICE/UNIT

$296,000

CAP RATE

6.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,837 SF

ZONING

RT-4

APN/PARCEL ID

14-08-404-023-0000

ASK ABOUT THIS PROPERTY

Steven LivaditisEssex Realty Group, LLCMore Info
847-373-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Steven LivaditisEssex Realty Group, LLCMore Info
847-373-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.