Address: 533 West Wrightwood Avenue, Chicago, Illinois, US
Created date: February 27, 2024
Date last updated: May 8, 2024
- Lincoln Park, Chicago location
- Renovated & Updated
- Greystone Building
- Value-add Opportunity
- 100% Leased
Property Description
Jameson Commercial Real Estate is pleased to present 533 W, Wrightwood Ave. located in the heat of Lincoln Park, the most sought-out neighborhood in Chicago. Being located in an "A++" location, this building offers (1) 2 Bedroom 2 Bath DuPlex & (4) 1 Bedroom 1 Bath Units. The current owner updated extensively three out of the five units with condo quality finishes and fully HVAC systems. The remaining two units have been occupied by long-term tenants who love living in the building. However, these two units give a qualified investor to create a value-add opportunity by updating the units and bring the rents to market.
The pride of ownership can be seen on how meticulous and pristine the proprety condition is in. It also boasts a high tech door & intercom system that can be operated via an app on a smart phone or tablet for both tenants and owner. The capital improvements include, but not limited to: new windows, electric supply, in unit electric breakers and panels, HVACs, boiler system, roof, and masonry work.
533 W. Wrightwood Ave presents to qualified investor the opportunity to own a beautiful Greystone in the heart of Lincoln Park and improve the units to push rents to market rate. This also offers a buyer to be an owner-occupied to buy their an investment property to live in the DuPlex or even in the 1 Bedroom and enjoy living "rent free", sort of speak.